Thomson Reuters Completes Acquisition of FX Alliance Inc. (FXall)
(Thomson Reuters ONE) -
NEW YORK, August 20, 2012 - Thomson Reuters (TSX / NYSE: TRI), the world's
leading source of intelligent information for businesses and professionals,
today announced that it has completed its acquisition of FXall (NYSE:FX), the
leading multi-bank electronic foreign exchange platform. This follows the
agreement that was announced on July 09, 2012. Thomson Reuters, through its
subsidiary, CB Transaction Corp. ("CB"), completed the acquisition through a
cash tender offer and by exercising a top-up option to acquire additional shares
directly from FXall followed by a short-form merger of CB with and into FXall on
August 20, 2012.
The acquisition brings FXall's leading trading and workflow processes which are
used by over 1,300 institutional clients including asset managers, corporations,
banks, broker-dealers and hedge funds into Thomson Reuters, combining two
leading companies in their respective segments of the dynamic foreign exchange
marketplace.
"The completion of this transaction is an exciting and significant step in the
further growth and development of Thomson Reuters Marketplaces business," said
Abel Clark, managing director, Marketplaces, Thomson Reuters. "Both FXall and
Thomson Reuters will continue to operate their trading platforms and service
channels as we complete the integration. We look forward to building our
community, people and services to deliver the most innovative FX services
available across the entire spectrum of trade discovery, execution and post-
trade services."
During the integration planning following the acquisition there will be no
change to the FXall organizational structure. FXall will continue to operate
with its existing brand, technology and processes, providing continuity for
clients and ensuring no service disruption is experienced.
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and science
and media markets, powered by the world's most trusted news organization. With
headquarters in New York and major operations in London and Eagan, Minnesota,
Thomson Reuters employs approximately 60,000 people and operates in over 100
countries. Thomson Reuters shares are listed on the Toronto and New York Stock
Exchanges. For more information, go to www.thomsonreuters.com.
Thomson Reuters Cautionary Note Regarding Forward Looking Statements
This news release includes "forward-looking statements" within the meaning of
the safe harbor provisions of the United States Private Securities Litigation
Reform Act of 1995. Such statements may include, but are not limited to,
statements about the benefits of combining Thomson Reuters and FXall's,
electronic FX trading activities including future financial and operating
results, the timing for the closing of the acquisition, the combined company's
plans, objectives, expectations and intentions and other statements that are not
historical facts. There can be no assurance that the acquisition of FXall will
be completed. These forward-looking statements are based on certain assumptions
and reflect current expectations. As a result, forward-looking statements are
subject to a number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. Some of the factors
that could cause actual results to differ materially from current expectations
are discussed in materials that Thomson Reuters from time to time files with, or
furnishes to, the Canadian securities regulatory authorities and the U.S.
Securities and Exchange Commission. Thomson Reuters annual and quarterly reports
are also available in the "Investor Relations" section of
www.thomsonreuters.com. There is no assurance that any forward-looking
statements will materialize. You are cautioned not to place undue reliance on
forward-looking statements, which reflect expectations only as of the date of
this news release.
CONTACTS
Thomson Reuters
Alan Duerden Frank J. Golden
PR Director, Thomson Reuters SVP, Investor Relations, Thomson Reuters
D: +44 20 7542 0561 D: +1 646 223 5288
alan.duerden(at)thomsonreuters.com frank.golden(at)thomsonreuters.com
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: Thomson Reuters Corporation via Thomson Reuters ONE
[HUG#1635058]
Unternehmensinformation / Kurzprofil:
Datum: 20.08.2012 - 18:10 Uhr
Sprache: Deutsch
News-ID 175969
Anzahl Zeichen: 5455
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 361 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Thomson Reuters Completes Acquisition of FX Alliance Inc. (FXall)"
steht unter der journalistisch-redaktionellen Verantwortung von
Thomson Reuters Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
