|Weekly News Digest
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Thomson Gains Regulatory Clearances for Reuters Acquisition
The Thomson Corp. (www.thomson.com) and Reuters (www.reuters.com) announced that the European Commission (EC), U.S. Department of Justice (DOJ), and the Canadian Competition Bureau (CCB) have given approval for Thomson’s proposed acquisition of Reuters. In order to obtain clearance, Thomson has agreed to sell a copy of the Thomson Fundamentals (Worldscope) database and Reuters has agreed to sell a copy of the Reuters Estimates, Reuters Aftermarket Research, and Reuters Economics (EcoWin) databases.
Thomson and Reuters retain full ownership of the relevant databases, and these undertakings do not affect Thomson’s and Reuters’ ongoing business or capabilities in these areas. The two companies are not required to complete the sales prior to the closing of the acquisition. All regulatory approvals needed to close the transaction have now been obtained. Thomson and Reuters will each now seek shareholder and court approvals. The companies expect the transaction to close the week of April 13, 2008.
The timetable of principal events is expected to be as follows:
- Mailing/posting of Thomson and Reuters shareholder circulars—expected end of February
- Thomson Shareholder Meeting (Toronto)—March 26
- Reuters Shareholder Meeting (London)—March 26
- Closing of transaction and launch of Thomson Reuters—week of April 13
Source: The Thomson Corp.
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