Thomson and Reuters Receive Regulatory Clearance

Feb 22, 2008

The Thomson Corporation and Reuters announced that the European Commission, US Department of Justice, and Canadian Competition Bureau have given approval for Thomson's proposed acquisition of Reuters. In order to obtain clearance, Thomson has agreed to sell a copy of the Thomson Fundamentals (Worldscope) database and Reuters has agreed to sell a copy of the Reuters Estimates, Reuters Aftermarket Research and Reuters Economics (EcoWin) databases. The sales include copies of the databases, source data and training materials, as well as certain contracts and employees connected to the databases. Thomson and Reuters will each now seek shareholder and court approvals. The companies expect the transaction to close the week of April 13, 2008.