Interdealer broker ICAP Plc (IAP.L,IAPLY.PK,IAPLF.PK) announced Friday that it has agreed to acquire PLUS Stock Exchange plc, the smaller company equity exchange for £1 in cash subject to PLUS Markets Group plc shareholder consent and FSA approvals.
ICAP said PLUS is one of only five RIEs or Recognised Investment Exchange in the UK. It provides listing and quoting services to around 140 companies and generates revenue of approximately £3 million a year.
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