Thomson Completes Acquisition of Reuters; Thomson Reuters Shares Begin Trading Today
Published In: Business, New York 
Thursday, April 17, 2008 3:18 AM
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NEW YORK, April 17 /PRNewswire-FirstCall/ -- The Thomson Corporation today
announced that it has completed its acquisition of Reuters Group PLC, forming
Thomson Reuters (NYSE: TRI; TSX: TRI; LSE: TRIL: Nasdaq: TRIN), the world's
leading source of intelligent information for businesses and professionals in
the financial, legal, tax and accounting, scientific, healthcare, and media
markets. Thomson Reuters has more than 50,000 employees with operations in 93
countries on six continents and 2007 pro forma revenues of approximately
US$12.4 billion.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020227/NYW014LOGO )

Effective today, Thomson Reuters shares will begin trading on exchanges in
Toronto, New York and London and are eligible for inclusion in S&P/TSX and
FTSE 100 UK indices. Thomson Reuters Corporation's common shares are listed
on the Toronto Stock Exchange and the New York Stock Exchange under the ticker
symbol "TRI". Thomson Reuters PLC ordinary shares are listed on the London
Stock Exchange under the symbol "TRIL" and its ADSs are listed on Nasdaq under
the symbol "TRIN".

Thomas H. Glocer, chief executive officer of Thomson Reuters, said, "This
is a very exciting day for our shareholders, customers and employees. Thomson
Reuters will deliver the intelligent information needed to give businesses and
professionals the knowledge to act. We call our information "intelligent"
because it is not only insightful, highly relevant and timely, but it is also
made available in formats which applications can consume and to which they can
add further value. We are witnessing the maturation of the information
economy and content from Thomson Reuters will be its currency."

"Thomson Reuters will benefit from the value created by more diversified
revenue streams, a larger capital base and synergies resulting from the
acquisition. Our leadership position and global footprint will give us
opportunities to grow faster than either Thomson or Reuters could have on its
own," said Mr. Glocer.

Thomson Reuters today unveiled its new branding and a global advertising
campaign. Mr. Glocer said, "The dynamic new corporate identity is a marked
departure from the historical look and feel of the two companies and
represents Thomson Reuters positioning as the world's leading source of
intelligent information to businesses and professionals."

Thomson Reuters also announced today that based on current fundamentals it
may repurchase up to US$500 million of its shares over the course of the year.
"Our plans to buy back Thomson Reuters shares underscores our financial
strength and focus on shareholder value," said Mr. Glocer. "We will manage
Thomson Reuters capital structure and set our cash distribution policy so as
to maintain a strong yet efficient balance sheet," stated Mr. Glocer.

In March, Thomson entered into a pre-defined irrevocable agreement with
its broker to allow for the repurchase of Thomson Reuters PLC shares through
May 1. The agreement allows Thomson Reuters to be active in the market from
soon after closing of the acquisition and during what otherwise would be an
internal closed period for trading. All share repurchases will be made in
accordance with applicable securities laws, rules and regulations. Shares
repurchased will be cancelled by Thomson Reuters PLC.

On May 15, 2007, Thomson agreed to acquire Reuters for 352.5 pence in cash
and 0.16 Thomson Reuters PLC ordinary shares for each Reuters ordinary share.
On February 19, 2008, Thomson and Reuters received regulatory approvals from
the European Commission (EC), US Department of Justice (DOJ) and Canadian
Competition Bureau (CCB). The shareholders of both companies overwhelmingly
approved the transaction on March 26, 2008, leading to subsequent court
approvals in Ontario and the UK.

On May 1, 2008, Thomson Reuters plans to announce results for the first
quarter as well as a financial outlook for the remainder of 2008.

More information on Thomson Reuters can be obtained at its new website,
www.thomsonreuters.com.


About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information
for businesses and professionals. We combine industry expertise with
innovative technology to deliver critical information to leading decision
makers in the financial, legal, tax and accounting, scientific, healthcare and
media markets, powered by the world's most trusted news organization. With
headquarters in New York and major operations in London and Eagan, Minnesota,
Thomson Reuters employs more than 50,000 people in 93 countries. Thomson
Reuters shares are listed on the New York Stock Exchange (NYSE: TRI); Toronto
Stock Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and Nasdaq
(Nasdaq: TRIN). For more information, go to www.thomsonreuters.com.


This news release includes forward-looking statements that are based on
certain assumptions and reflect Thomson Reuters current expectations.
Forward-looking statements are those that are not historical facts and include
Thomson Reuters expectations about its future prospects and share repurchase
plans. Forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ materially
from current expectations.

Some of the factors that could cause actual results to differ materially
from current expectations include risks related to Thomson Reuters ability to
develop additional products and services to meet customers' needs, attract new
customers, general economic conditions and actions of competitors.

Additional factors are discussed in materials filed by Thomson Reuters
Corporation and Thomson Reuters PLC from time to time with securities
regulatory authorities. Thomson Reuters disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, other than as required by applicable
law, rule or regulation.


CONTACTS
Frank DeMaria
Global Director, Media Relations
+44 (0) 207 542 6005
frank.demaria@thomsonreuters.com

Fred Hawrysh
Global Director, Corporate Affairs
1.203 539 8314
fred.hawrysh@thomsonreuters.com

Frank Golden
Senior Vice President, Investor Relations
1.203 539 8470
frank.golden@thomsonreuters.com

Victoria Brough
EMEA Media Relations
+44 (0) 207 542 8762
victoria.brough@thomsonreuters.com


SOURCE Thomson Reuters


 
Thursday, April 17, 2008 3:18 AM

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