The boards of Interactive Investor Group (II) and Share Group have reached an agreement on the terms of a recommended offer to combine their businesses.
Under the deal, II intends to acquire the entire issued and to-be-issued share capital of Share, which is known by its brand name The Share Centre, subject to shareholder, regulatory and legal approvals. II confirmed it will transfer The Share Centre's customers to its main trading company, Interactive Investor Services, after which they will have access to "a broader set of investment products at competitive price points in the direct to consumer market", access to international markets and foreign exchange, and access to II's editorial content. In a statement, II and Share said that...
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