STAMFORD, Conn. and LONDON, Feb. 19 /PRNewswire-FirstCall/ -- The Thomson Corporation (NYSE: TOC - News; TSX: TOC - News) and Reuters (LSE: RTR, Nasdaq: RTRSY) today announced that the European Commission (EC), US Department of Justice (DOJ) and Canadian Competition Bureau (CCB) have given approval for Thomson's proposed acquisition of Reuters.(Logo: http://www.newscom.com/cgi-bin/prnh/20020227/NYW014LOGO )
In order to obtain clearance, Thomson has agreed to sell a copy of the Thomson Fundamentals (Worldscope) database and Reuters has agreed to sell a copy of the Reuters Estimates, Reuters Aftermarket Research and Reuters Economics (EcoWin) databases. The sales include copies of the databases, source data and training materials, as well as certain contracts and employees connected to the databases.
Thomson and Reuters retain full ownership of the relevant databases and these undertakings do not affect Thomson's and Reuters ongoing business or capabilities in these areas. The two companies are not required to complete the sales prior to the closing of the acquisition. All regulatory approvals needed to close the transaction have now been obtained.
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