Thomson Files Information Circular for Approval of Reuters Acquisition



    Transaction Expected to Close on April 17; Interim Dividend to be Paid

    (All amounts are in U.S. dollars)

    STAMFORD, Conn., Feb. 29 /CNW/ -- The Thomson Corporation (NYSE:   TOC;
TSX: TOC), a leading provider of information solutions to business and
professional customers worldwide, has filed an information circular for its
upcoming shareholders meeting to approve the Reuters acquisition. The
shareholders meeting will be held on March 26, 2008 at 10:00 a.m. (EDT) at Roy
Thomson Hall in Toronto, Canada. Separately today, Reuters filed a circular
for its own shareholder meetings to be held on March 26, 2008 in London to
approve the transaction. Thomson's acquisition of Reuters is expected to close
on April 17, 2008, and the transaction has received all required
antitrust/regulatory clearances.

    (Logo:  http://www.newscom.com/cgi-bin/prnh/20020227/NYW014LOGO )

    Thomson and Reuters have historically paid dividends to their
shareholders at different times of the year, and in different amounts. To
align the timing and amount of future dividend payments to Thomson Reuters
shareholders, an interim dividend of $0.31747 per share will be paid on May 1,
2008 to Thomson common shareholders of record on April 16, 2008. The interim
dividend is based on Thomson's previously announced 2008 quarterly dividend
rate of $0.27 per share (or $1.08 per share for the year) and covers the
period from January 1, 2008 through April 16, 2008. The payment of the interim
dividend in May will result in Thomson Reuters not paying a dividend in June
2008, as has been Thomson's past practice, and regularly scheduled dividend
payments will resume in September 2008 ($0.22253 per share) and in December
2008 ($0.27 per share).
    More information about the Thomson Reuters business, the Thomson Reuters
Board and executive management team and dividends expected to be paid during
the remainder of 2008 is available in the information circular.
    Holders of Thomson common shares as of 5:00 p.m. (ET) on February 22,
2008 will be entitled to vote at the upcoming meeting. The circular is being
mailed to shareholders. A copy of the circular is available at the SEC's
website at www.sec.gov, at the Canadian securities regulatory authorities'
website at www.sedar.com and at www.thomson.com.

    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).

    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 acquisition of Reuters
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, in particular the discussion of the proposed
acquisition of Reuters, includes forward-looking statements. These statements
are based on certain assumptions and reflect the Corporation's current
expectations. Forward-looking statements include statements about its beliefs
that the Reuters acquisition will be approved and close on April 17, 2008. The
closing of the transaction is subject to approval by Thomson and Reuters
shareholders as well as courts in Ontario, Canada and the United Kingdom. The
declaration of dividends and the amount of those dividends may be adjusted or
eliminated at any time at the discretion of the Thomson Board (or, following
the closing of the transaction, the Thomson Reuters Board). 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. These risks and uncertainties include
the failure of Reuters shareholders or the courts to approve the proposed
transaction; the reaction of Thomson's and Reuters' customers, employees and
suppliers to the proposed transaction; the ability to promptly and effectively
integrate the businesses of Thomson and Reuters after the transaction closes;
and the diversion of management time on transaction-related issues. Some of
the other factors that could cause actual results or events to differ
materially from current expectations are actions of competitors; failure to
fully derive anticipated benefits from acquisitions and divestitures; failure
to develop additional products and services to meet customers' needs, attract
new customers or expand into new geographic markets; and changes in the
general economy. Additional factors are discussed in the Corporation's
materials filed with the securities regulatory authorities in Canada and the
United States from time to time, including the Corporation's management
information circular dated February 29, 2008 for the special meeting of
shareholders to be held on March 26, 2008, and its latest annual information
form, which is also contained in its most recently filed annual report on Form
40-F. The Corporation disclaims 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 applicable 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. Documents relating
to the proposed transaction have been furnished by Thomson and Reuters to the
SEC. Shareholders are urged to read such documents regarding the proposed
transaction because they contain important information. Shareholders may
obtain free copies of Thomson's and Reuters' respective circulars, 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. The Reuters circular,
which constitutes an offer document of Thomson for the purposes of the UK
Takeover Code, is also available for inspection during usual UK business hours
on Monday to Friday of each week (UK public holidays excepted) at the
registered office of Reuters, being The Reuters Building, South Colonnade,
Canary Wharf, London E14 5EP, United Kingdom, from the date of this news
release until the closing of the transaction.

    
    Media Contact:                              Investor Contact:
    Fred Hawrysh                                Frank J. Golden
    Global Director,                            Vice President,
    External Communications                     Investor Relations
    (203) 539-8314                              (203) 539-8470
    fred.hawrysh@thomson.com                    frank.golden@thomson.com
    




For further information:

For further information: Media, Fred Hawrysh, Global Director, External 
Communications, +1-203-539-8314, fred.hawrysh@thomson.com; or Investors, 
Frank J. Golden, Vice President, Investor Relations, +1-203-539-8470, 
frank.golden@thomson.com, both of Thomson Web Site: http://www.thomson.com;
http://www.thetakeoverpanel.org.uk

Organization Profile

THE THOMSON CORPORATION

More on this organization

News - Media

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890