|
LONDON (AP) - Reuters CEO Tom Glocer will lead the combined company if Thomson Corp. succeeds in its $17.5 billion bid for Reuters Group PLC, creating the world's biggest financial news and information provider.
A combined Thomson-Reuters — the name proposed by Thomson — would have a market capitalization of around $45 billion and leapfrog current market leader Bloomberg LP in providing real-time data to traders and investment professionals.
The companies outlined details of the proposed deal Tuesday, revealing that several issues had already been agreed even while stressing that nothing had been finalized and there was no certainty a deal would proceed.
|