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Tradeweb Markets (TW) has shared an update.
Tradeweb Markets Inc. has successfully completed the acquisition of the Institutional Cash Distributors business, solidifying its market position with a $785 million purchase funded by cash reserves. Alongside the acquisition, Tradeweb also expanded its equity by issuing $4.5 million of Class A common stock to an equityholder of the acquired entity, under the terms of its 2019 Omnibus Equity Incentive Plan. This strategic move is set to enhance Tradeweb’s offerings and financial standing in the industry.
For a thorough assessment of TW stock, go to TipRanks’ Stock Analysis page.