The transaction remains subject to other customary completion conditions. Reuters and Telerate are working together with the intention of satisfying the remaining conditions and completing the transaction within the second quarter.
As Reuters announced earlier today, in order to receive expedited clearances from the European Commission and U.S. Department of Justice, Reuters and Telerate entered into an agreement to license Telerateâs TRS (Trading Room System) and Active8 desktop technology to Hyperfeed Technologies, Inc. following and subject to completion of the acquisition. Reuters emphasizes that this arrangement does not change the assets and business Reuters is acquiring in the transaction, which continue to include all Telerate customer contracts and obligations including those relating to TRS and Active8, or otherwise restructure the deal with Telerate in any way. The arrangement also does not restrict Reuters ability to continue to develop, support or distribute TRS or Active8 following completion, nor change Telerateâs existing distributor arrangements which Reuters is also acquiring.