Thomson and Reuters agree to merger

Cory Bergman May 15th, 2007

Thomson Corporation and Reuters have agreed to a $17.2 billion merger which will create one of the world’s largest financial providers. Thomson will control about 70 percent of the new company, and Reuters chief executive Tom Glocer will be CEO. “For Thomson this deal puts them into a different league,” Justin Urquhart Stewart, a money manager in London. “Combining with Reuters gives them an international brand name and global strength.” Thomson offers a range of products including Westlaw, a legal information service, and MedStat, a health care information company.