Tradeweb agrees to buy Trumid for $1.97 billion

Bitget2026/10/19 20:40

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Tradeweb will acquire Trumid for approximately $1.97 billion: $1.75 billion for the business and approximately $220 million for tax assets.
Consideration comprises approximately $1.89 billion in cash, funded primarily from cash on hand, and $82 million in equity.
The acquisition will expand credit trading capabilities into grey markets and new issue trading, connecting origination with secondary trading.
Closing is targeted for the first half of 2027, subject to customary closing conditions.
The transaction is expected to lift adjusted earnings per share within the first full year following closing, with accretion increasing thereafter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tradeweb Markets Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202610191640BIZWIRE_USPR_____20261019_BW873825) on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Tradeweb agrees to buy Trumid for $1.97 billion

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