Interdealer brokers' merger talks over
This failed attempt to reach a deal is the second time in less than a year that negotiations between the two firms have ended in deadlock. On both occasions this has had adverse effects on stock prices, with GFI suffering the greatest price drops. When the first round of talks fell apart on November 19 last year, GFI's stock price was at $23.53 - it has now reached $7.26. Tullett Prebon's share price has fallen from 457p to 382.75p in the same period.
London-based Tullett Prebon's stock price was
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