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’Cadbury-Hershey merger: the Carnival solution
The hurdles to a Hershey-Cadbury tie-up are by now well aired.
Hershey has a smaller market cap than Cadbury, would need to take on crippling amounts of debt to finance a deal, and the Hershey Charitable Trust would be loath to relinquish control in any new company.
Cadbury chews over dual-listing idea
A solution to facilitate a Cadbury-Hershey merger and repel Kraft’s $16.6bn hostile bid for the UK confectioner has been outlined in a letter to Cadbury CEO Todd Stitzer from the special situations team at brokerage GFI,
Brokers may join LCH.Clearnet bid
Tullett-Prebon, GFI Group and Tradition, three of the world’s largest interdealer brokers, have approached a consortium considering an offer for LCH.Clearnet, Europe’s largest independent clearing house,
Tullett and GFI talks collapse
Ambitious plans to combine Tullett Prebon and GFI Group to create one of the world’s largest interdealer brokers fell apart on Tuesday, as both companies announced they had been unable to reach acceptable terms.
Tullett’s merger partner all at sea
Been wondering why the putative merger between Tullett Prebon and rival money broker GFI is taking so long to consummate? Here’s one reason:
That’s the Antara, competing in the Perini Navi Cup in 2004.
Analysts to quiz Tullett on GFI talks
Deals done in the inter-dealer broking business often take seconds to complete. Except, that is, when the deal involves the possible combination of two of the largest inter-dealer brokers themselves.
Analysts will question Tullett Prebon,
GFI and Tullett Prebon in talks
GFI Group and Tullett Prebon are in talks about combining the two businesses to create the world’s second-largest inter-dealer broker by revenues, the two firms said Thursday. Such a combination would unite the second and third-largest players in the rapidly growing business of broking currencies,
Icap and GFI team up on OTC derivatives
Icap will team up with Nasdaq-listed GFI Group to develop new clearing services for over-the-counter derivative products with the Clearing Corporation, one of the world’s oldest, independent clearinghouses for derivatives instruments.