Tradeweb to Acquire Trumid in Definitive Agreement
Tradeweb Markets said it entered into a definitive agreement to acquire Trumid Holdings. The supplied body is truncated and provides no deal terms.
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08:40:37 PM UTC
SquawkNews
Tradeweb entered a definitive deal to acquire Trumid for about $1.97B, including $1.75B for the business and ~$220M for tax assets, with ~$1.89B in cash and $82M in equity. Closing is targeted for H1 2027, subject to regulatory approvals.Material DetailsContext by AI AnalystThis is a strategic expa…
08:44:40 PM UTC
SquawkNews
Tradeweb: Expected to Be Accretive to Tradeweb's Adjusted EPS Within First Full Yr Following Closing >TW
Tradeweb Markets Inc. (NASDAQ:TW) (“Tradeweb” or the “Company”), a global leader in electronic trading facilitating more than $3.0 trillion in value per day across asset classes, announced that it has entered into a definitive agreement to acquire Trumid Holdings, LLC (“Trumid”), a financial techno…