Media News - Thursday, March 27, 2008

Thomson shareholders approve takeover of Reuters

Shareholders of Thomson Corp. and Reuters Wednesday approved plans for the Canadian firm to buy the British-based media and information group and create the biggest provider of financial data. The approval in separate shareholder meetings in Toronto and London clears the way for completion of the deal on April 17, the two firms said. A statement issued from Thomson's operations headquarters in Stamford, Connecticut, said shareholders approved the plan overwhelmingly. It came moments after shareholders of Reuters voted in favor of the deal at a special meeting in London. The takeover will create the biggest provider of financial information to trading rooms, overtaking current market leader and US rival Bloomberg, and will merge the media operations of Thomson and Reuters. Thomson agreed last year to buy Reuters for GBP 8.7bn (EUR 11.5bn), creating a combined business called Thomson Reuters that will be led by Reuters' current chief executive Tom Glocer. (AFP)

Bookmark this : | Listen to this article | Sphere: Related Content

• Home |
• Seminars  |
• Events |
• Media Landscape |
• Newsroom|
• Media News|
• Resources

Terms of service and Privacy policy.

Copyright © 1992-2007 European Journalism Centre. All rights reserved.

Valid XHTML and CSS.

European Journalism Centre

Sonneville-lunet 10
6221KT Maastricht
The Netherlands

Tel. : +31 43 325 40 30
Fax : +32 2 400 42 20

E-mail: info[at]ejc.net