|
THOMSON COMPLETES ACQUISITION OF REUTERS; THOMSON
REUTERS SHARES BEGIN TRADING TODAY
World's Leading Source
of Intelligent Information for Businesses and Professionals
April 2008
New York, NY - April 17, 2008
- The Thomson Corporation today announced that it has
completed its acquisition of Reuters Group PLC, forming
Thomson Reuters (NYSE: TRI; TSX: TRI; LSE: TRIL: NASDAQ:
TRIN), the world's s leading source of intelligent information
for businesses and professionals in the financial, legal,
tax & accounting, scientific, healthcare, and media
markets.
Thomson Reuters has more than
50,000 employees with operations in 93 countries on
six continents and 2007 pro forma revenues of approximately
US$12.4 billion. Effective today, Thomson Reuters shares
will begin trading on exchanges in Toronto, New York
and London and are eligible for inclusion in S&P/TSX
and FTSE 100 UK indices.
On May 15, 2007, Thomson agreed
to acquire Reuters for 352.5 pence in cash and 0.16
Thomson Reuters PLC ordinary shares for each Reuters
ordinary share. On February 19, 2008, Thomson and Reuters
received regulatory approvals from the European Commission
(EC), US Department of Justice (DOJ) and Canadian Competition
Bureau (CCB).
The shareholders of both companies
overwhelmingly approved the transaction on March 26,
2008, leading to subsequent court approvals in Ontario
and the UK.
###
|
|
