The U.K.’s Financial Services Authority has approved Thomson Reuter’s proposed acquisition of foreign exchange platform FXall, the two companies announced today. The companies noted in the press release that the FSA's approval "satisfies one of the conditions" for the deal to close.
Thomson Reuters announced its plan to acquire FXall last month. Last week, it said it would extend the tender offer, originally scheduled to close Tuesday, through 5 p.m. EDT Friday. It also said it had settled a class action lawsuit regarding the deal.
To read more about the transaction, see Thomson Deal a Plus for FXall Clients.