Thomson Reuters Gets Regulator Thumbs up for FXall Acquisition
Thomson Reuters, a leading provider of information and financial markets data for businesses and professionals, and FXall, the leading independent global provider of electronic foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term trading solutions to corporations and asset managers, announced that Thomson Reuters and all relevant Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Read this Term have received formal approval from the Financial Services Authority in the United Kingdom to the change of control of a subsidiary of FXall.
Approval from the FSA satisfies one of the conditions necessary for the consummation of the tender offer. Thomson Reuters and FXall previously announced the satisfaction of the condition relating to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Accordingly, all of the regulatory conditions of the tender offer, as described in the merger agreement, have been satisfied.
FXall's share price is trading at $22.02.
The tender offer is scheduled to expire at 5:00 p.m., New York City time, on Friday, August 17, 2012, unless extended in accordance with the merger agreement and the applicable rules and regulations of the Securities and Exchange Commission ("SEC"). The closing of the tender offer remains subject to other customary terms and conditions described in the tender offer statement on Schedule TO filed with the SEC on July 18, 2012 (as amended), including the tender of at least a majority of the outstanding shares of FXall common stock on a fully diluted basis. Following the purchase of the shares in the tender offer, FXall will become a subsidiary of Thomson Reuters.
The Depositary for the tender offer is Computershare, Inc., c/o Voluntary Corporate Actions, P.O. Box 43011, Providence, RI 02940-3011. The Information Agent for the tender offer is Georgeson Inc., 199 Water Street, 26th Floor, New York, NY 10038.
Based on information received from the Depositary, as of 5:00 p.m., New York City time, on Tuesday, August 14, 2012, approximately 15,379,573 shares of FXall common stock had been tendered and not withdrawn from the offer. This amount constitutes approximately 45.95% of FXall's outstanding shares on a fully diluted basis.
July had mixed volumes for the FX markets; Reuters saw their average daily volume in July was $130 billion, a decline from the $143 billion in June, July is a major drop from May's level of $154 billion.
Thomson Reuters, a leading provider of information and financial markets data for businesses and professionals, and FXall, the leading independent global provider of electronic foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term trading solutions to corporations and asset managers, announced that Thomson Reuters and all relevant Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Read this Term have received formal approval from the Financial Services Authority in the United Kingdom to the change of control of a subsidiary of FXall.
Approval from the FSA satisfies one of the conditions necessary for the consummation of the tender offer. Thomson Reuters and FXall previously announced the satisfaction of the condition relating to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Accordingly, all of the regulatory conditions of the tender offer, as described in the merger agreement, have been satisfied.
FXall's share price is trading at $22.02.
The tender offer is scheduled to expire at 5:00 p.m., New York City time, on Friday, August 17, 2012, unless extended in accordance with the merger agreement and the applicable rules and regulations of the Securities and Exchange Commission ("SEC"). The closing of the tender offer remains subject to other customary terms and conditions described in the tender offer statement on Schedule TO filed with the SEC on July 18, 2012 (as amended), including the tender of at least a majority of the outstanding shares of FXall common stock on a fully diluted basis. Following the purchase of the shares in the tender offer, FXall will become a subsidiary of Thomson Reuters.
The Depositary for the tender offer is Computershare, Inc., c/o Voluntary Corporate Actions, P.O. Box 43011, Providence, RI 02940-3011. The Information Agent for the tender offer is Georgeson Inc., 199 Water Street, 26th Floor, New York, NY 10038.
Based on information received from the Depositary, as of 5:00 p.m., New York City time, on Tuesday, August 14, 2012, approximately 15,379,573 shares of FXall common stock had been tendered and not withdrawn from the offer. This amount constitutes approximately 45.95% of FXall's outstanding shares on a fully diluted basis.
July had mixed volumes for the FX markets; Reuters saw their average daily volume in July was $130 billion, a decline from the $143 billion in June, July is a major drop from May's level of $154 billion.