Shareholders OK Thomson acquisition of Reuters
Shareholders of Thomson Corp. and Reuters Group PLC have approved Thomson's $16.3 billion acquisition of the London-based news and information company.
The approval is a key step in creating an enormous supplier of financial news and information. When the deal was first disclosed last year, Thomson's head count in its Boston operations was 900 people.
Thomson says its shareholders approved the deal today in a meeting in Toronto. It says Reuters shareholders approved the deal during a meeting in London.
The acquisition has already been approved by the US Department of Justice as well as regulatory officials in Europe and Canada, where Thomson is based.
The deal must also be approved by courts in Canada and the United Kingdom before it closes in April.
The valuation is based on share prices. Thomson shares fell 68 cents to 34.88 in trading today on the Toronto Stock Exchange; Reuters U.S. shares fell 40 cents to $72.01 on the Nasdaq Stock Market. (AP)
