Thomson and Reuters Provide EC Regulatory Update

    STAMFORD, Conn. and LONDON, Oct. 30 /CNW/ -- The Thomson Corporation
(NYSE:   TOC; TSX: TOC) and Reuters (LSE: RTR, Nasdaq:   RTRSY) today confirmed
that they have requested a 10 working day extension to the European
Commission's ongoing regulatory Phase II review of Thomson's proposed
acquisition of Reuters. This extension was volunteered by both companies to
allow the Commission more time to assimilate all of the information provided
by Thomson and Reuters, as well as third parties, in the interests of securing
a clearance decision within an expedited timeframe.

    (Logo: )

    Additional updates to the Commission's timetable could occur throughout
the course of the review process, though Thomson and Reuters continue to
anticipate completion of the Commission's Phase II review in the first quarter
of 2008.

    About The Thomson Corporation:

    The Thomson Corporation ( 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 (, the global information company, provides
indispensable information tailored for professionals in the financial
services, media and corporate markets. Through 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 euro 2.6 billion.
    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.


    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
    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
    '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.


    This news release includes forward-looking statements, such as Thomson's
and Reuters beliefs and expectations regarding the European Commission
regulatory review process for their proposed transaction. These statements are
based on certain assumptions and reflect Thomson's and Reuters current
expectations. There can be no assurance that the European Commission
regulatory review process will be completed during the time period specified
in this news release, or that the proposed transaction will be consummated.
The closing of the proposed transaction is subject to various regulatory
approvals and the fulfillment of certain conditions, 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. These risks and uncertainties
include, without limitation, the effect of regulatory conditions, if any,
imposed by regulatory authorities and the reaction of Thomson's and Reuters
customers, suppliers, competitors and others to the proposed transaction.
Additional 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.
    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, at the
Canadian securities regulatory authorities' website at (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-

    Investor Relations enquiries
    Miriam McKay
    Global Head of Investor Relations, Reuters
    +44 (0) 207 542 7057
    +44 (0) 7990 567057

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

    UK Media enquiries
    Victoria Brough
    Global Head of Financial PR
    +44 (0) 207 542 8763

    US Media enquiries
    Frank DeMaria
    SVP, Corporate Communications, Americas
    +1 646 223 5507

    US Media enquiries
    Fred Hawrysh
    Global Director, External Communications
    +1 (203) 539 8314

    UK Media enquiries
    Will Tanner
    Edward Simpkins
    +44 (0) 207 251 3801

For further information:

For further information: Investors: Miriam McKay, Global Head of
Investor Relations, Reuters, +44 0 207 542 7057, +44 0 7990 567057,; or Investors: Frank J. Golden of The Thomson
Corporation, Vice President, +1-203-539-8470,; or UK
Media enquiries: Victoria Brough, Global Head of Financial PR, +44 0 207 542
8763,; or Will Tanner,,
or Edward Simpkins,, both of Finsbury, +44 0 207
251 3801; or US Media enquiries: Frank DeMaria of Reuters, SVP, Corporate
Communications, Americas, +1-646-223-5507,, or Fred
Hawrysh of The Thomson Corporation, Global Director, External Communications,
+1-203-539-8314,; Web Site:,,,

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