Legal Research

Thomson-Reuters deal

By Jennifer Stephens

Thomson-Reuters Deal Wins Approval
The DOJ required the companies to sell three business units to address antitrust concerns

Cecile Kohrs Lindell and Phineas Lambert
The Deal
February 20, 2008

Competition authorities in the U.S. and Europe on Tuesday approved Thomson Corp.'s £8.77 billion ($17.15 billion) acquisition of rival news and data provider Reuters Group plc.

The combination of Toronto-based Thomson and London-based Reuters will create the world's leading financial information company and eclipse Bloomberg LP as the top provider.

Thomson and Reuters predicted the merger would generate annual synergies of $500 million within three years. Company officials said they expect to close the deal the week of April 13. (cont.)

Full post as published by Lex Scripta on February 21, 2008 (boomark / email).