Thomson shareholders approve takeover of Reuters
AFP, March, 2008
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NEW YORK (AFP) — Shareholders of Thomson Corp. and Reuters approved plans Wednesday for the Canadian firm to buy the British-based media and information group and create the world's biggest provider of financial data.
The approval in separate shareholder meetings in Toronto and London clears the way for completion of the deal on April 17, the two firms said.
A statement issued from Thomson's operations headquarters in Stamford, Connecticut, said shareholders approved the plan overwhelmingly. It came moments after shareholders of Reuters voted in favor of the deal at a special meeting in London.
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The takeover will create the biggest provider of financial information to trading floors, overtaking current market leader and US rival Bloomberg, and will merge the media operations of Thomson and Reuters.
Thomson agreed last year to buy Reuters for 8.7 billion pounds (11.5 billion euros, 17 billion dollars), creating a combined business called ...
