Thomson Reuters (TRI) Acquires FX Alliance (FX) for $22/Share
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Price: $34.95 --0%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 3.5%
Revenue Growth %: -0.6%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 3.5%
Revenue Growth %: -0.6%
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Thomson Reuters (NYSE: TRI) has entered into a definitive agreement to acquire 100% of the shares of FX Alliance (NYSE: FX) for $22 per share in cash.
Thomson Reuters expects the acquisition to close in the third quarter.
"FXall will now have a bigger stage from which to drive greater innovation and growth, with access to Thomson Reuters global reach, standing in the FX community and focus on client solutions," said Phil Weisberg, chairman and chief executive officer, FXall. "The combined platform allows us to deliver greater value to our clients and employees, building upon the foundation that we have established over the past twelve years. In addition, we believe this is a compelling transaction for our shareholders."
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Thomson Reuters expects the acquisition to close in the third quarter.
"FXall will now have a bigger stage from which to drive greater innovation and growth, with access to Thomson Reuters global reach, standing in the FX community and focus on client solutions," said Phil Weisberg, chairman and chief executive officer, FXall. "The combined platform allows us to deliver greater value to our clients and employees, building upon the foundation that we have established over the past twelve years. In addition, we believe this is a compelling transaction for our shareholders."
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