Thomson-Reuters Deal Wins Approval
The DOJ required the companies to sell three business units to address antitrust concernsCecile Kohrs Lindell and Phineas Lambert
The Deal
February 20, 2008Competition 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.)
The Official Blog of the Dallas Association of Law Librarians (DALL), a chapter of the American Association of Law Libraries.
Thursday, February 21, 2008
Thomson-Reuters deal
Seen on law.com this morning:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment