Thomson Shareholders Approve Reuters Merger
This story was written by David Kaplan.
Shareholders have given Thomson's (NYSE: TOC) acquisition of Reuters (NSDQ: RTRSY) the nod, Reuters reports. The Canadian financial media company says that nearly 99 percent of the shareholders in Toronto cast their votes in favor of bringing Reuters into the fold. The vote was nothing more than a formality, given that Woodbridge Co. Ltd, the Thomson family's investment vehicle and the owner of 70 percent of Thomson's shares, had already said it wanted the merger to go through. The deal is expected to close by April 17.
By David Kaplan