WASHINGTON, Feb 20 (AFP): Thomson Corporation said yesterday it expected to close its 17-billion-dollar takeover of British media group Reuters in April after regulatory approval in the US, Canada and European Union.
The US Justice Department said it would require Thomson to sell financial data and related assets in three markets for financial data in order to proceed with the Canadian company's proposed 17-billion-dollar acquisition of Reuters Group PLC.
The conditional approval, taking into account antitrust concerns, paves the way for the creation of the world's biggest financial information group.
Tom Glocer, currently chief executive of Reuters and CEO designate of Thomson Reuters, said after the approvals: "This is an important step toward completing the transaction and creating what we believe will be the leading provider of information and related applications to businesses and professionals around the world."
The Canadian company, whose operational headquarters is in the US state of Connecticut, said the Canadian Competition Bureau had also approved the deal.
Thomson set to close deal for Reuters in April
FE Team | Published: February 21, 2008 00:00:00 | Updated: February 01, 2018 00:00:00
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