Shares in Tullett Prebon, the interdealer broker, soared on Wednesday after it confirmed it was in bid talks with an unnamed rival, the FT reported. The group has been linked with a bid from Bank of China, Macquarie Group and GFI, the rival it failed to merge with in 2008. Shares in the group rose 16.7 per cent to 362p, giving Tullett a market capitalisation of £779m.

This entry was posted by Stacy-Marie Ishmael on Wednesday, March 10th, 2010 at 21:42 and is featured in The Closer (10 Mar 2010) . Tagged with bank of china, gfi, macquarie, tullett prebon. Edit this entry.