Thomson Reuters To Acquire FX Alliance For $625M

Thomson Reuters

announced its plans to acquire FX Alliance

for around $625 million in cash. The offer price of $22 per share represents a premium of around 40% over Friday's closing price of $15.70. The deal is expected to close in the third quarter. Thomson Reuters shares closed at $28.47 on Friday, while FX Alliance shares closed at $15.70 on Friday.