Thomson Reuters Wiki

[1] Subsidiaries Sweet &Maxwell Website www.thomsonreuters.com Wikinews has related news: Thomson Corporation and Reuters agree to merge Thomson Reuters is a media company created by The Thomson Corporation's purchase of Reuters on 17 April 2008.

[2] Contents 1 History 2 Company structure 3 Market position and antitrust review 4 Purchase process 5 References 6 Further reading 7 External links

[edit] History See History of Reuters See History of The Thomson Corporation

[edit] Company structure Thomson Reuters is a dual-listed company, consisting of Thomson Reuters Corporation, a Canadian company, and Thomson Reuters PLC, a UK company.

[3] The Woodbridge Company, a holding company for the Thomson family, owns 53% of Thomson Reuters. The chief executive officer of the combined company is Tom Glocer, who was the chief executive of Reuters, and the chairman is David Thomson, who was the chairman of Thomson.

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[6] The divisions of the company are as follows:

[1] Thomson's news and financial information arm Thomson Financial has been effectively merged with Reuters to form the Markets Division. The remaining business units of The Thomson Corporation (Thomson Healthcare, Thomson Legal, Thomson Scientific, and Thomson Tax &Accounting) form the Professional Division.

[edit] Market position and antitrust review The market of financial data provision is now dominated by two companies, Thomson Reuters with a (combined) market share of 34% and Bloomberg L.P. with a market share of 33%. The transaction was reviewed by the U.S. Department of Justice and by the European Commission. On February 19, 2008, both the Department of Justice and the Commission cleared the transaction subject to minor divestments. The Department of Justice required the parties to sell copies of the data contained in the following products: Thomson's WorldScope, a global fundamentals product; Reuters Estimates, an earnings estimates product; and Reuters Aftermarket (Embargoed) Research Database, an analyst research distribution product. The proposed settlement further requires the licensing of related intellectual property, access to personnel, and transitional support to ensure that the buyer of each set of data can continue to update its database so as to continue to offer users a viable and competitive product.

[7] The European Commission imposed similar divestments: according to the Commission's press release, "the parties committed to divest the databases containing the content sets of such financial information products, together with relevant assets, personnel and customer base as appropriate to allow purchasers of the databases and assets to quickly establish themselves as a credible competitive force in the marketplace in competition with the merged entity, re-establishing the pre-merger rivalry in the respective fields."

[8] These remedies are viewed as very minor given the scope of the transaction. According to the Financial Times, "the remedy proposed by the competition authorities will affect no more than $25m of the new Thomson Reuters group's $13bn-plus combined revenues."

[9] The transaction has also been cleared by the Canadian Competition Bureau.

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[edit] Purchase process Historically, no single individual has been permitted to own more than 15% of Reuters, under the first of the Reuters Principles, which states that "Reuters shall at no time pass into the hands of any one interest, group or faction." However, that restriction was waived for the purchase by Thomson, whose family holding company, The Woodbridge Company, will end up owning 53% of the enlarged business. Robert Peston, business editor at BBC News, stated that this has worried Reuters journalists, both because they are concerned that Reuters' journalism business will be marginalized by the financial data provision business of the combined company, and because of the threat to Reuters' reputation for unbiased journalism by the appearance of one majority shareholder. Pehr Gyllenhammar, chairman of the Reuters Founders Share Company, explained that the Reuters Trust's First Principle had been waived for the Thomson family because of the poor financial circumstances that Reuters had been in, stating that "The future of Reuters takes precedence over the principles. If Reuters were not strong enough to continue on its own, the principles would have no meaning." He stated, not having met David Thomson but having discussed the matter with Geoff Beattie the president of Woodbridge, that the Thomson family had agreed to vote as directed by the Reuters Founders Share Company on any matter that the trustees deem to threaten the five principles of the Reuters Trust. Woodbridge will be allowed an exemption from the First Principle as long as it remains controlled by the Thomson family.

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[edit] References ^ http://www.thomsonreuters.com/about/ ^ Haycock, Gavin; MacMillan, Robert. "Thomson Reuters debuts amid global market jitters", Reuters. Retrieved on 2008-04-18.  ^ Impact of Thomson Acquisition of Reuters to Shareholders ^ Wikinews. "Thomson Corporation and Reuters agree to merge", Wikinews, 2007-05-16.  ^ Robert Schroeder. "Thomson, Reuters face antitrust review", Times Argus, 2007-05-17.  ^ Kevin Bell and Joe Schneider. "Thomson Emerges From Father's Shadow With Reuters Buy", Bloomberg L.P., 2007-05-16.  ^ Justice Department Requires Thomson to Sell Financial Data and Related Assets in Order to Acquire Reuters ^ EUROPA - Rapid - Press Releases ^ FT.com / Companies / Media &internet - Thomson cleared for Reuters merger ^ Competition Bureau - Competition Bureau Clears Thomson Acquisition of Reuters ^ "Reuters agrees to Thomson buyout", BBC News, BBC, 2007-05-15.  ^ Andrew Edgecliffe-Johnson. "Thomson accepts Reuters voting code", Financial Times, The Financial Times Ltd, 2007-05-16.  ^ "Thomson accepts Reuters voting code", Financial Times, eFinancialNews Ltd, 2007-05-17.  ^ "Q&A: Why Reuters is news", BBC News, BBC, 2007-05-15. 

[edit] Further reading Peter Kaplan. "Thomson Reuters deal would raise U.S. antitrust issue", Reuters, 2007-05-04.  Penny Crosman. "How Will the Thomson Reuters Marriage Affect Customers?", Wall Street &Technology , CMP Media LLC, 2007-05-16.  Ian Austen. "Combined Thomson Reuters Would Challenge Bloomberg", New York Times, 2007-05-09. 

[edit] External links Official website v €¢ d €¢ e S&P/TSX 60 companies of Canada (April 2008) Aeroplan Income Fund · Agnico-Eagle Mines · Agrium · Banque de Montréal · Bank of Nova Scotia · Barrick Gold Corporation · BCE · Biovail Corporation · Bombardier · Brookfield Asset Management Inc. · Cameco · Canadian Imperial Bank of Commerce · Canadien National · Canadian Natural Resources · Canadian Oil Sands Trust · Canadian Pacific Railway Ltd. · Canadian Tire · Enbridge · EnCana Corporation · Enerplus Resources Fund · First Quantum Minerals Ltd. · Fording Canadian Coal Trust · Gildan Activewear Inc. · Goldcorp Inc. · Husky Energy · Imperial Oil · Inmet Mining Corporation · Kinross Gold · Loblaw Companies · Lundin Mining Corporation · Magna International · Manulife Financial · MDS Inc. · National Bank of Canada · Nexen · Nortel · NOVA Chemicals Corporation · Penn West Energy Trust · Petro-Canada · Potash Corporation of Saskatchewan · Research In Motion · Rogers Communications Inc. · Royal Bank of Canada · Shaw Communications Inc. · Shoppers Drug Mart · SNC Lavalin Inc. · Sun Life Financial Inc. · Suncor Energy · Talisman Energy Inc. · Teck Cominco Ltd. · TELUS · Thomson Reuters Corporation · Tim Hortons Inc. · Toronto-Dominion Bank · TransAlta Corporation · TransCanada Corporation · Uranium One Inc. · George Weston Limited · Yamana Gold Inc. · Yellow Pages Income Fund · v €¢ d €¢ e FTSE 100 companies of the United Kingdom As of 2 May 2008. 3i · Admiral Group · Alliance &Leicester  · Alliance Trust · AMEC · Anglo American · Antofagasta · Associated British Foods · AstraZeneca · Aviva · BAE Systems · BG Group · BHP Billiton · BP · BT Group · Barclays · British Airways · British American Tobacco · British Energy Group · British Land Company · British Sky Broadcasting Group · Bunzl · Cable &Wireless  · Cadbury · Cairn Energy · Capita Group · Carnival · Carphone Warehouse · Centrica · Cobham · Compass Group · Diageo · Enterprise Inns · Eurasian Natural Resources Corporation · Experian · FirstGroup · Friends Provident · G4S · GlaxoSmithKline · HBOS · HSBC · Hammerson · Home Retail Group · ICAP · ITV · Imperial Tobacco · InterContinental Hotels Group · International Power · Johnson Matthey · Kazakhmys · Kingfisher · Land Securities Group · Legal &General  · Liberty International · Lloyds TSB · London Stock Exchange Group · Lonmin · Man Group · Marks &Spencer  · Wm Morrison Supermarkets · National Grid · Next · Old Mutual · Pearson · Persimmon · Prudential · Reckitt Benckiser · Reed Elsevier · Rexam · Rio Tinto Group · Rolls-Royce Group · Royal &Sun Alliance Insurance  · Royal Bank of Scotland Group · Royal Dutch Shell · SABMiller · Sage Group · J Sainsbury · Schroders · Scottish and Southern Energy · Severn Trent · Shire · Smith &Nephew  · Smiths Group · Standard Chartered Bank · Standard Life · Tate &Lyle  · Tesco · Thomas Cook Group · Thomson Reuters · TUI Travel · Tullow Oil · Unilever · United Utilities · Vedanta Resources · Vodafone · WPP Group · Whitbread · Wolseley · Wood Group · Xstrata Retrieved from "http://en.wikipedia.org/wiki/Thomson_Reuters" Categories: Companies listed on the Toronto Stock Exchange | Companies listed on NASDAQ | Companies listed on the London Stock Exchange | Companies listed on the New York Stock Exchange | S&P/TSX 60 Index | Media companies of Canada | Media companies of the United Kingdom | Dual-listed companies