Thomson has taken $9,6 billion on credit for purchase of Reuters
Thomson has taken the credit of 4,8 billion pounds sterling ( $9,6 billion) for purchase of Reuters Group. The credit is given by companies Barclays Capital and Royal Bank of Scotland at participation of Toronto Dominion Bank., J.P.Morgan, Bank of America and Citigroup and represents interim financing the transaction for the term of 364 days.
Two information agencies have agreed about merge in May, 2007. According to the terms of transaction Canadian Thomson will buy Reuters for 8,7 billion pounds sterling (17,23 billion dollars). The transaction has got support of Thomson and Reuters’ boards of directors and has been approved by antimonopoly bodies.
In the result of merge the world’s largest news agency, which will receive a 34 percent share in the financial information market, will be formed and it will overtake the current leader - Bloomberg LP (now it possesses 33 % of the market). The incorporated group will receive name Thomson-Reuters, 24 % of which shares will belong to the Reuters’ shareholders, 53 % - to Thomson’s shareholders, and 23 % - to other shareholders. The general proceeds of the incorporated company are predicted at a level 12 billion doll./year, the general number of employees - hardly less than 50 thousand people.
Reuters Group - is the global information company giving the information in the field of financial services, the corporate markets and mass media. The company has been based in London in 1851. Now, more than 15 thousand employees from 89 countries work in Reuters’ staff. Reuters’ shares are included in calculation of FTSE100 index, papers of the company bargain at the London stock exchange (LSE) and American stock exchange NASDAQ.
Thomson - is the Canadian news agency, specializing on news in the field of business. Its annual proceeds has made 6,6 billion dollars.
