Thomson outlines £8.8bn offer for Reuters

THOMPSON OUTLINES £8.8 BILLION FOR REUTERS
[SOURCE: Financial Times, AUTHOR: Maggie Urry]
Outline details of a merger between the Thomson Corporation and Reuters Group were disclosed on Tuesday. Under the plans Tom Glocer, Reuters’ chief executive, would become chief executive of the combined company, which would be called Thomson-Reuters. Richard Harrington, Thomson president and chief executive, would retire. The two companies said they expected annual savings from the merger of $500m within three years. The Thomson Financial unit would be combined with Reuters financial and media businesses and would be called Reuters.
http://www.ft.com/cms/s/2d832d64-fd2e-11db-8d62-000b5df10621.html
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