Blog Post

Thomson-Reuters Merger Expected To Close April 17

An era will come to an end on April 17th, when Thomson’s (NYSE: TOC) takeover of Reuters Group (NSDQ: RTRSY) is expected to close. The two companies have received all regulatory clearances, as we reported on before, and shareholders of both companies will vote on the deal at meetings on March 26 in London and Toronto. More in release here.

Meanwhile, Reuters said it expected trading profit to be no less than $753 million..the full earnings results are due next week, reports, well, Reuters. On combined marketshare, Figures from Inside Market Data Reference showed Bloomberg had 33 percent of the market data industry at the end of 2006, Reuters had 23 percent while Thomson Financial had 11 percent. For 2007, preliminary anecdotal evidence suggests Bloomberg with a slightly greater share of the market than a combined Reuters-Thomson business.