Thomson-Reuters deal almost official
Thomson Corporation and Reuters Group will officially join forces on April 17 as long as courts in Canada and the United Kingdom approve the $17 billion sale, according to Forbes.
The report said shareholders gathered in both Toronto and London on Wednesday, approving the acquisition with "overwhelming" enthusiasm.
The Thomson Corporation, a Canadian financial data services firm based in Stamford, Conn., and Reuters Group, a London-based news wire service, got approval from the U.S. Department of Justice, the European Commission and the Canadian Competition Bureau in mid-February on the condition that Thomson and Reuters sell copies of some financial data bases.
"If they get it right, it's going to mean a much more robust platform for the customers," said BMO Capital Markets analyst Tim Casey, "but that's much further down the road."
For the full story click here.
The report said shareholders gathered in both Toronto and London on Wednesday, approving the acquisition with "overwhelming" enthusiasm.
The Thomson Corporation, a Canadian financial data services firm based in Stamford, Conn., and Reuters Group, a London-based news wire service, got approval from the U.S. Department of Justice, the European Commission and the Canadian Competition Bureau in mid-February on the condition that Thomson and Reuters sell copies of some financial data bases.
"If they get it right, it's going to mean a much more robust platform for the customers," said BMO Capital Markets analyst Tim Casey, "but that's much further down the road."
For the full story click here.

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