Thomson and Reuters Receive Regulatory Clearance



    
    Acquisition Expected to Close week of April 13, 2008
    

    STAMFORD, Conn. and LONDON, Feb. 19 /CNW/ -- The Thomson Corporation
(NYSE:   TOC; TSX: TOC) and Reuters (LSE: RTR, Nasdaq:   RTRSY) today announced
that the European Commission (EC), US Department of Justice (DOJ) and Canadian
Competition Bureau (CCB) have given approval for Thomson's proposed
acquisition of Reuters.
    
    (Logo: http://www.newscom.com/cgi-bin/prnh/20020227/NYW014LOGO )
    
    In order to obtain clearance, Thomson has agreed to sell a copy of the
Thomson Fundamentals (Worldscope) database and Reuters has agreed to sell a
copy of the Reuters Estimates, Reuters Aftermarket Research and Reuters
Economics (EcoWin) databases.  The sales include copies of the databases,
source data and training materials, as well as certain contracts and employees
connected to the databases.
    Thomson and Reuters retain full ownership of the relevant databases and
these undertakings do not affect Thomson's and Reuters ongoing business or
capabilities in these areas.  The two companies are not required to complete
the sales prior to the closing of the acquisition.  All regulatory approvals
needed to close the transaction have now been obtained.
    Thomson and Reuters will each now seek shareholder and court approvals.
The companies expect the transaction to close the week of April 13, 2008.
    Tom Glocer, currently CEO of Reuters and CEO designate of Thomson
Reuters, said: "This is an important step toward completing the transaction
and creating what we believe will be the leading provider of information and
related applications to businesses and professionals around the world."
    Richard J, Harrington, President and CEO of The Thomson Corporation,
said: "We were pleased to receive regulatory approval on both sides of the
Atlantic today. Our constructive discussions with the EC, DOJ and CCB, and
their subsequent approvals reflect the thorough understanding the regulators
gained of our businesses and the industries we operate in."

    
    Timetable
    The timetable of principal events is expected to be as follows:
    

    
    -- Mailing/posting of Thomson and Reuters shareholder circulars
       - Expected end of February
    -- Thomson Shareholder Meeting (Toronto) - March 26
    -- Reuters Shareholder Meeting (London) - March 26
    -- Closing of Transaction and Launch of Thomson Reuters
       - Week of April 13

    About The Thomson Corporation:
    
    The Thomson Corporation (www.thomson.com) is a global leader in providing
essential electronic workflow solutions to business and professional
customers. With operational headquarters in Stamford, Conn., Thomson provides
value-added information, software tools and applications to professionals in
the fields of law, tax, accounting, financial services, scientific research
and healthcare. The Corporation's common shares are listed on the New York and
Toronto stock exchanges (NYSE:   TOC; TSX: TOC).
    
    About Reuters:
    
    Reuters (www.reuters.com), the global information company, provides
indispensable information tailored for professionals in the financial
services, media and corporate markets. Through reuters.com and other digital
properties, Reuters now also supplies its trusted content direct to
individuals. Reuters drives decision making across the globe based on a
reputation for speed, accuracy and independence. Reuters has 17,500 staff in
94 countries, including 2,400 editorial staff in 196 bureaux serving 131
countries. In 2006, Reuters revenues were 2.6 billion pounds Sterling.
    The directors of Thomson and Reuters accept responsibility for the
information contained in this announcement. To the best of the knowledge and
belief of the directors of Thomson and Reuters (who have taken all reasonable
care to ensure such is the case), the information contained herein for which
they accept responsibility is in accordance with the facts and does not omit
anything likely to affect the import of such information.
    
    DEALING DISCLOSURE REQUIREMENTS
    
    Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if
any person is, or becomes, 'interested' (directly or indirectly) in 1% or more
of any class of 'relevant securities' of Thomson or of Reuters, all 'dealings'
in any 'relevant securities' of that company (including by means of an option
in respect of, or a derivative referenced to, any such 'relevant securities')
must be publicly disclosed by no later than 3.30 pm (London time) on the
London business day following the date of the relevant transaction. This
requirement will continue until the date on which the Transaction becomes, or
is declared, unconditional, lapses or is otherwise withdrawn or on which the
'offer period' otherwise ends. If two or more persons act together pursuant to
an agreement or understanding, whether formal or informal, to acquire an
'interest' in 'relevant securities' of Thomson or Reuters, they will be deemed
to be a single person for the purpose of Rule 8.3.
    Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Thomson or Reuters by Thomson or Reuters, or by any of their
respective 'associates', must be disclosed by no later than 12.00 noon (London
time) on the London business day following the date of the relevant
transaction.
    A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities
in issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.
    'Interests in securities' arise, in summary, when a person has long
economic exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option
in respect of, or derivative referenced to, securities.
    Terms in quotation marks are defined in the Code, which can also be found
on the Panel's website. If you are in any doubt as to whether or not you are
required to disclose a 'dealing' under Rule 8, you should consult the Panel.
    
    CAUTIONARY NOTE CONCERNING FACTORS THAT MAY AFFECT FUTURE RESULTS
    
    This news release includes forward-looking statements, such as Thomson's
and Reuters beliefs and expectations regarding their proposed transaction and
the timing of its completion. These statements are based on certain
assumptions and reflect Thomson's and Reuters current expectations. There can
be no assurance that the proposed transaction will be consummated. The closing
of the proposed transaction is subject to fulfillment of certain conditions,
including shareholder and court approvals, and there can be no assurance that
any such approvals will be obtained and/or such conditions will be met. All
forward-looking statements in this news release are subject to a number of
risks and uncertainties that could cause actual results or events to differ
materially from current expectations. Factors that could cause actual results
or events to differ materially from current expectations are discussed in
Thomson's and Reuters respective materials filed with the securities
regulatory authorities in Canada, the United Kingdom and the United States (as
the case may be) from time to time including The Thomson Corporation's 2006
Annual Report on Form 40-F and Reuters Group PLC's 2006 Annual Report on Form
20-F, each of which has been filed with the U.S. Securities and Exchange
Commission (SEC). Any forward-looking statements made by or on behalf of
Thomson or Reuters speak only as of the date they are made. Thomson and
Reuters each disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, other than as required by law, rule or regulation.
    This document does not constitute an offer for sale of any securities or
an offer or an invitation to purchase any such securities. Following
satisfaction or waiver of the pre-conditions to the proposed transaction,
documents relating to the proposed transaction will be furnished to or filed
with the SEC. Shareholders are urged to read such documents regarding the
proposed transaction if and when they become available, because they will
contain important information. Shareholders will be able to obtain free copies
of these documents, as well as other filings containing information about the
companies, without charge, at the SEC's website at www.sec.gov, at the
Canadian securities regulatory authorities' website at www.sedar.com (in the
case of Thomson) and from Thomson and Reuters. These documents will also be
available for inspection and copying at the public reference room maintained
by the SEC at 100 F Street, N.E., Washington, D.C. 20549, United States. For
further information about the public reference room, call the SEC at 1-800-
732-0330.

    
     Contacts:
     Reuters:
     Investor Relations enquiries
     Miriam McKay
     Global Head of Investor Relations, Reuters
     +44 (0) 207 542 7057
     +44 (0) 7990 567057
     Miriam.mckay@reuters.com
    

    
     UK Media enquiries
     Victoria Brough
     Global Head of Financial PR
     +44 (0) 207 542 8763
     victoria.brough@reuters.com
    

    
     US Media enquiries
     Frank DeMaria
     SVP, Corporate Communications, Americas
     +1 646 223 5507
     frank.demaria@reuters.com
    


    
     The Thomson Corporation:
     Investor Relations enquiries
     Frank J. Golden
     Vice President, Investor Relations
     +1 (203) 539 8470
     frank.golden@thomson.com
    

    
     US Media enquiries
     Fred Hawrysh
     Global Director, External Communications
     +1 (203) 539 8314
     fred.hawrysh@thomson.com
    

    
     UK Media enquiries
     Will Tanner
     will.tanner@finsbury.com
     Edward Simpkins
     Edward.simpkins@finsbury.com
     Finsbury
     +44 (0) 207 251 3801
    




For further information:

For further information: Reuters: Investor Relations enquiries, Miriam 
McKay, Global Head of Investor Relations, +44 (0) 207-542-7057, +44 (0) 
7990-567057, Miriam.mckay@reuters.com, or UK Media enquiries, Victoria 
Brough, Global Head of Financial PR, +44 (0) 207-542-8763, 
victoria.brough@reuters.com, or US Media enquiries, Frank DeMaria, SVP, 
Corporate Communications, Americas, +1-646-223-5507, 
frank.demaria@reuters.com; or The Thomson Corporation: Investor Relations 
enquiries, Frank J. Golden, Vice President, Investor Relations,
+1-203-539-8470,  frank.golden@thomson.com, or US Media enquiries, Fred
Hawrysh, Global  Director, External Communications, +1-203-539-8314,
fred.hawrysh@thomson.com;  or UK Media enquiries, Will Tanner,
will.tanner@finsbury.com, or Edward  Simpkins, Edward.simpkins@finsbury.com,
both of Finsbury, +44 (0)  207-251-3801 Web Site: http://www.thomson.com     
            http://www.reuters.com                 
http://www.thetakeoverpanel.org.uk

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THE THOMSON CORPORATION

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