FX Alliance Inc. Announces Waiver of Lock-up Agreements
(Thomson Reuters ONE) -
NEW YORK, NY, August 13, 2012 - FX Alliance Inc. ("FXall") (NYSE: FX) today
announced that BofA Merrill Lynch and Goldman, Sachs & Co., the joint book-
running managers in FXall's recent initial public offering, have agreed to waive
all lock-up restrictions with respect to 20,000 shares of common stock of FXall
held by Philip Weisberg, FXall's chairman and chief executive officer and
10,000 shares of common stock of FXall held by John Cooley, FXall's chief
financial officer. In connection with FXall's previously announced entry into a
definitive agreement with Thomson Reuters and certain of its subsidiaries for a
subsidiary of Thomson Reuters to acquire 100% of the outstanding shares of
common stock of FXall, Mr. Weisberg and Mr. Cooley entered into tender and
support agreements under which they are permitted to donate a portion of the
shares of common stock they hold to charities of their choice. In order to
permit these charitable transfers, the waivers will take effect on August
15, 2012, and will thereafter permit Mr. Weisberg and Mr. Cooley to donate up to
20,000 shares and 10,000 shares, respectively, to the charities they select.
About FXall
FXall is the leading independent global provider of electronic foreign exchange
trading solutions, with over 1,000 institutional clients worldwide. FXall's
offices in New York, Boston, Washington, London, Zurich, Hong Kong, Tokyo,
Singapore, Sydney and Mumbai serve the needs of active traders, asset managers,
corporate treasurers, banks, broker-dealers and prime brokers. For more
information on FXall, visit www.fxall.com. Information posted on our website is
not incorporated into, and does not constitute a part of, this release.
Important Information
This press release is for informational purposes only and is not an offer to buy
or the solicitation of an offer to sell any of the FXall common shares. The
offer is being made pursuant to an offer statement on Schedule TO, an offer to
purchase, a letter of transmittal and related documents, each as amended, which
have been filed with the Securities and Exchange Commission and mailed to FXall
shareholders. FXall shareholders should read the offer to purchase, the letter
of transmittal and related documents, as well as the solicitation/
recommendation statement, carefully and in their entirety because they contain
important information, including the various terms of, and conditions to, the
tender offer. FXall shareholders may obtain the offer to purchase, the letter of
transmittal and related documents and the solicitation/recommendation statement
without charge from the Securities and Exchange Commission's Website at
www.sec.gov. FXall shareholders may also obtain the offer to purchase, letter
of transmittal and related documents without charge from Georgeson Inc., the
information agent of the offer, and may obtain free copies of FXall's
solicitation/recommendation statement and related documents filed by FXall with
the Securities and Exchange Commission on the Investor Relations section of
FXall's website at www.fxall.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements"
within the meaning of federal securities laws. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of FXall to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Any statements that refer to
expectations or other characterizations of future events, circumstances or
results, including, without limitation, all statements related to the proposed
business combination transaction and related transactions and the outlook for
FXall's businesses, performance and opportunities and regulatory approvals, the
anticipated timing of filings and approvals relating to the transaction; the
expected timing of the completion of the transaction; the ability to complete
the transaction considering the various closing conditions; and any assumptions
underlying any of the foregoing. Investors are cautioned that any such forward-
looking statements are not guarantees of future performance and involve risks
and uncertainties and are cautioned not to place undue reliance on these
forward-looking statements. Actual results may differ materially from those
currently anticipated due to a number of risks and uncertainties, including
uncertainties as to the timing of the tender offer and business combination;
uncertainties as to how many of FXall's stockholders will tender their stock in
the offer; the possibility that competing offers will be made; the possibility
that various closing conditions for the transaction may not be satisfied or
waived, including that a governmental entity may prohibit, delay or refuse to
grant approval for the consummation of the transaction; the effects of
disruption from the transaction making it more difficult to maintain
relationships with employees, customers, other business partners or governmental
entities; other business effects, including the effects of industry, economic or
political conditions outside of FXall's control; transaction costs; actual or
contingent liabilities; and other risks and uncertainties discussed in documents
filed with the Securities and Exchange Commission by FXall from time to time, as
well as the tender offer documents to be filed by Thomson Reuters and the
solicitation/recommendation statement to be filed by FXall. All of the materials
related to the offer (and all other offer documents filed with the Securities
and Exchange Commission) will be available at no charge from the Securities and
Exchange Commission through its website at www.sec.gov. Investors and security
holders will also be able to obtain free copies of the documents filed with the
Securities and Exchange Commission by FXall on the Investor Relations section of
FXall website at www.fxall.com. FXall does not undertake any obligation to
update any forward-looking statements as a result of new information, future
developments or otherwise, except as expressly required by law.
Contacts:
Investor contact:
Andrew Posen
Head of Investor Relations
Telephone: (646) 268-9952
andrew.posen(at)fxall.com
News media contact:
Dafina Grapci-Penney
Greentarget
Telephone: +44 20 7324 5486
Mobile: + 44 752 533 5733
dafina.grapci-penney(at)greentarget.co.uk
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: FX Alliance, Inc via Thomson Reuters ONE
[HUG#1633511]
Datum: 13.08.2012 - 14:37 Uhr
Sprache: Deutsch
News-ID 173977
Anzahl Zeichen: 7680
contact information:
Town:
New York
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 169 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"FX Alliance Inc. Announces Waiver of Lock-up Agreements"
steht unter der journalistisch-redaktionellen Verantwortung von
FX Alliance, Inc (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
