REUTERS-THOMSON DEAL SET TO FINALISE IN SECOND QUARTER THIS YEAR
January 17th 2008 02:32
Reuters reports that Reuters Group Plc and Thomson Corp said they expect Thomson's proposed acquisition of the British group to close early in the second quarter of 2008.
The pair said the US Department of Justice, which had been expected to give its decision on the US$17.9 billion deal by Tuesday, will now give its ruling around the same time as the European Commission's.
The Commission is set to give its ruling by March 10, and it could then take four to six weeks to secure shareholder approval.
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