Thomson, Reuters Deal Gets Thumbs Up

Thomson Corp.’s $17 billion acquisition of Reuters received significant approval from shareholders of both companies yesterday at special meetings held in Toronto and London. The two companies will now seek court approval for the transaction in Canada in the United Kingdom, respectively, and the acquisition is expected to close on April 17.

Reuters said that 92.6 percent of the votes cast were for the transaction and only 7.4 percent of the votes being against it.

"I'm very excited by the transaction," Thomson Corp. Chairman David Thomson told shareholders, according to The Canadian Press. "Thomson Reuters will be a leading global provider of electronically delivered critical information to businesses and professions."