Stamford based Thomson Corporation and the Reuters Group say theyâ€™re optimistic theyâ€™ll receive the blessing of regulators for their planned merger. WNPRâ€™s Harriet Jones reports.
Thomson announced plans to take over the London based news and financial data service in May of this year, in a deal valued at nearly 18 billion dollars. The proposed merger is receiving detailed scrutiny from regulators on both sides of the Atlantic, because it reduces the number of major players in the financial data industry from three to just two â€“ Bloomberg would be the only similar sized competitor to a merged Thomson-Reuters. The European Union isnâ€™t due to reveal its verdict on the deal until late February, but Reuters issued a statement Thursday saying itâ€™s â€œincreasingly optimisticâ€ that it will complete its review within the first quarter, allowing the deal to go ahead as scheduled. The US is expected to make its decision earlier, by mid-January. Reuters announced it would follow Thomsonâ€™s lead, and resume its share buyback program with immediate effect.