Tullett & Tokyo Announces Merger With Liberty Brokerage

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LONDON--In the latest link-up in the rapidly consolidating broking industry, Tullett & Tokyo last week announced plans to merge operations with Liberty Brokerage.

The new company, which will be known as Tullett & Tokyo Liberty, will be one of the world's largest money broking firms, with over 2,000 staff in offices around the world. The deal is set for completion in November, according to officials.

Assuming the merger obtains regulatory and shareholder approval, Tullett shareholders will hold

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