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Article: JUSTICE DEPARTMENT REQUIRES THOMSON TO SELL FINANCIAL DATA, RELATED ASSETS IN ORDER TO ACQUIRE REUTERS

Article from:
US Fed News Service, Including US State News
Article date:
February 19, 2008
Copyright

The U.S. Department of Justice's Antitrust Division issued the following news release:

The Department of Justice said today that it will require The Thomson Corporation (Thomson) to sell financial data and related assets in three markets for financial data in order to proceed with Thomson's proposed $17 billion acquisition of Reuters Group PLC (Reuters). The Department said that the transaction, as originally proposed, likely would have resulted in higher prices to purchasers of three important types of financial data used by investment managers, investment bankers, traders, corporate managers, and other institutional customers in making investment decisions and providing advice to their ...

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