The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Thomson, Reuters Shareholders Approve Merger

  • Comments Comments (View)
  • Text Size: A A

Shareholders have given Thomson’s (NYSE: TOC) acquisition of Reuters (NSDQ: RTRSY) the nod, Reuters reported. The Canadian financial media company says that nearly 99 percent of the shareholders in Toronto cast their votes in favor of bringing Reuters into the fold. The vote was nothing more than a formality, given that Woodbridge Co. Ltd, the Thomson family’s investment vehicle and the owner of 70 percent of Thomson’s shares, had already said it wanted the merger to go through. The deal is expected to close by April 17.

SEE ALSO: Reuters Acquires Minority Stake in Chinese Financial Information Portal

Update: In a separate meeting, Reuters shareholders followed suit and gave their ascent to the $15.8 billion buyout as well, the AP reported.  While the merger has passed the regulatory muster by the U.S. Department of Justice, authorities in Europe and Canada have okayed Thomson’s purchase of the London-based Reuters with the stipulation that it sell copies of four databases that provide earnings estimates, economic information and other data to investors. Afternoon trading saw Thomson shares fall 49 cents to $35.07, while American Depositary shares of Reuters Group PLC slid 46 cents to $71.95.

Mar 26, 2008 9:42 AM ET

Posted In: Media & Publishing, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Reuters, Countries, Canada, Europe

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

iTunes Songs iTunes Songs
1. Somebody That I Used to Know (feat.…
2. Titanium (feat. Sia)
3. Wild Ones (feat. Sia)
4. Domino
5. Alone Again (UK Radio Edit)
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff