FX Alliance Shares Jump In Pre-Market On Acquisition News

Shares of FX Alliance

jumped more than 39% in pre-market trading after 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 FX Alliance's closing price of $15.70 on Friday. FX Alliance shares surged 39.24% to $21.86 in pre-market trading.