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2007-09-30 04:36:51 · 1 answers · asked by Anonymous in Business & Finance Corporations

1 answers

I thought it was a done deal -

Thomson and Reuters have agreed terms of a merger that will create the world's largest provider of financial news and information.

Under the terms of the deal Canadian news and information group Thomson will pay approximately £8.7bn for its rival.

The combined business, named Thomson-Reuters, will overtake Bloomberg at the top of the financial data market.
Tom Glocer, the Reuters chief executive, will become chief executive of the merger company, with Thomson's CEO, Richard J Harrington, retiring.

Read the whole article at the link.

2007-10-03 03:02:33 · answer #1 · answered by Sandy 7 · 0 0

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