Thomson, Reuters shareholders approve merger
By Leah McBride Mensching, Thursday 27 March 2008 at 22:59 :: Media Ownership :: #1461 :: rss
Shareholders have approved Thomson's acquisition of Reuters, paidContent reported Wednesday.
Almost 99 percent of Thomson shareholders approved the merger.
The vote was just a formality, however, as Canada-based Thomson's Woodbridge Co. Ltd owns 70 percent of Thomson's shares, and already approved the merger.
In a separate meeting, Reuters shareholders also agreed to the US$15.8 billion buyout, according to paidContent.
The deal is expected to close by April 17.
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