Thomson, Reuters deal closer to completion with DOJ, European Commission agreement

By Lisa Kerner

Charlotte, N.C., Jan. 14 - Thomson Corp.'s acquisition of Reuters Group plc is now on track to close in the second quarter as the companies continue to navigate regulatory requirements and timetables of the U.S. Department of Justice and the European Commission.

Both Thomson and Reuters agreed with the Department of Justice to "align more closely its regulatory review timetable" for the merger with that of the European Commission, a news release stated.

The Department of Justice is expected to render a decision on or about the same date that the European Commission makes its determination.

Thomson and Reuters said they have a "high degree of confidence that the acquisition will receive clearance on an expedited timetable."

In October, the companies requested a 10-working-day extension of the European Commission's ongoing regulatory phase 2 review of the acquisition.

Thomson agreed on May 15, 2007 to acquire Reuters for about £8.7 billion, or $17.2 billion.

Stamford, Conn.-based Thomson provides information services in five segments: legal, tax and accounting, financial, scientific and health care.

Reuters is based in London and provides content and transaction services for the financial services marketplace.

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