Thomson Reuters to acquire FXall by Q3

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Thomson Reuters has entered into a definitive agreement to acquire 100% of the shares of multibank platform FXall for $22 a share in cash, both companies announced today.

Under the agreement, Thomson Reuters will launch a tender offer, which is subject to standard regulatory approvals, for the acquisition in the coming days. The FXall board has unanimously resolved to recommend all shareholders tender their shares into the offer.

Technology Crossover Ventures, FXall's largest shareholder, Phil

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