Reuters-Thomson: Reuters Board May Recommend Accepting Bid: Report
By Staci D. Kramer - Fri 04 May 2007 02:15 PM PST
Not sure why Reuters feels compelled to keep the name of its bidder quiet but that leaves us in the situation of writing that the UK media company may accept a bid from Thomson Corporation without any official confirmation that Thomson is the bidder. The FT is reporting that Reuters appears willing to recommend an offer from the unidentified bidder “understood to be Thomson.”
FT: “The approach to Reuters was described on Friday as “friendly” but success will hinge on whether the two sides can convince directors of the Founders Share Company, a body set up to safeguard Reuters’ independence, that its editorial integrity would not be compromised.”
-- A smaller rival to Reuters and Bloomberg, “Thomson Financial has been expanding under Sharon Rowlands, its chief executive.”
Posted in: Companies, Reuters, VC+M&A
