Reuters Set for Pounds 8bn Takeover ; Media

Birmingham PostMay 07, 2007

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Summary


An pounds 8 billion takeover of Reuters looked imminent yesterday after it was reported the news and information group planned to back an offer from Canada's Thomson.

The two groups are understood to have been talking about combining for some time and believe the change of ownership will be accepted by the directors of the Reuters Founders Share Company, which has special voting powers to block any takeover should it compromise Reuters' "integrity and freedom from bias".

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Reuters Set for Pounds 8bn Takeover ; Media

Reuters shares ...

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