Mergers & Acquisitions ·
Tradeweb agrees to acquire Trumid for $1.97B in cash and stock
TWTradeweb Markets Inc.
Tradeweb Markets Inc. entered into a definitive agreement to acquire Trumid Holdings LLC, an electronic credit trading marketplace, for approximately $1.97 billion. The consideration consists of roughly $1.89 billion in cash and $82 million in equity issued to rollover holders. The transaction is expected to close in the first half of 2027, subject to customary regulatory approvals including Hart-Scott-Rodino review and FINRA consent. Tradeweb operates a global operator of electronic marketplaces for rates, credit, equities, and money markets.