Thomson Reuters Corporation & plc
Type	Public (TSX: TRI, NASDAQ: TRIN, LSE: TRIL, NYSE: TRI)
Founded	April 2008, as Reuters October, 1851 as Stephen Sweet 1799, as Alexander Maxwell 1800, as Sweet & Maxwell 1802
Headquarters	New York City, New York, United States
Key people	David Thomson, Chairman Tom Glocer, CEO
Industry	Media
Employees	50000 approx [1]
Subsidiaries	Sweet & Maxwell Reuters
Website	www.thomsonreuters.com

Thomson Reuters is a media company created by The Thomson Corporation's purchase of Reuters on 17 April 2008. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American Stock exchange. The London Stock Exchange or LSE is a Stock exchange located in London, England. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. This article is primarily about Reuters prior to its 2008 merger with Thomson Sweet & Maxwell is a British Publisher specialising in legal publications which joined the Thomson Organization in 1987, and The City of New York New York ( is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous The United States of America —commonly referred to as the David Kenneth Roy Thomson 3rd Baron Thomson of Fleet (born 12 June 1957) is a Canadian businessman Tom Glocer (born 8 October 1959) is the CEO of Thomson Reuters and former CEO of Reuters. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" "Popular press" redirects here note that the University of Wisconsin Press publishes under the imprint "The Popular Press" Employment is a Contract between two parties, one being the employer and the other being the employee. A subsidiary, in business matters is an entity that is controlled by a bigger and more powerful entity Sweet & Maxwell is a British Publisher specialising in legal publications which joined the Thomson Organization in 1987, and This article is primarily about Reuters prior to its 2008 merger with Thomson A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages "Popular press" redirects here note that the University of Wisconsin Press publishes under the imprint "The Popular Press" This article is primarily about Thomson prior to its 2008 merger with Reuters This article is primarily about Reuters prior to its 2008 merger with Thomson Events 69 - After the First Battle of Bedriacum, Vitellius becomes Roman Emperor. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common ^[2]

Contents 1 History 2 Company structure 3 Market position and antitrust review 4 Purchase process 5 References 6 Further reading 7 External links

History

See History of Reuters

See History of The Thomson Corporation

Company structure

Thomson Reuters is a dual-listed company, consisting of Thomson Reuters Corporation, a Canadian company, and Thomson Reuters PLC, a UK company. This article is primarily about Reuters prior to its 2008 merger with Thomson This article is primarily about Thomson prior to its 2008 merger with Reuters A dual-listed company or DLC (also referred to as a Siamese twin) is a corporate structure which involves two listed companies with different sets of shareholders ^[3] The Woodbridge Company, a holding company for the Thomson family, owns 53% of Thomson Reuters. The Woodbridge Company Limited is a Canadian private Holding company and the principal and controlling shareholder (53 percent of Thomson Reuters.

The chief executive officer of the combined company is Tom Glocer, who was the chief executive of Reuters, and the chairman is David Thomson, who was the chairman of Thomson. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator Tom Glocer (born 8 October 1959) is the CEO of Thomson Reuters and former CEO of Reuters. David Kenneth Roy Thomson 3rd Baron Thomson of Fleet (born 12 June 1957) is a Canadian businessman ^[4][5][6]

The divisions of the company are as follows:[1]

Thomson's news and financial information arm Thomson Financial has been effectively merged with Reuters to form the Markets Division. Thomson Financial was an arm of The Thomson Corporation, formerly one of the world's leading information companies focused on providing integrated information solutions

The remaining business units of The Thomson Corporation (Thomson Healthcare, Thomson Legal, Thomson Scientific, and Thomson Tax & Accounting) form the Professional Division. Thomson Healthcare is one of the five operating divisions of the Thomson Corporation. Thomson Scientific was one of the five operating divisions of The Thomson Corporation until 2008

Market position and antitrust review

The market of financial data provision is now dominated by two companies, Thomson Reuters with a (combined) market share of 34% and Bloomberg L.P. with a market share of 33%. Bloomberg LP is a financial software services news and data company

The transaction was reviewed by the U.S. Department of Justice and by the European Commission. For animal rights group see Justice Department (JD The United States Department of Justice ( DOJ) is a Cabinet department The European Commission (formally the Commission of the European Communities) is the executive branch of the European Union. On February 19, 2008, both the Department of Justice and the Commission cleared the transaction subject to minor divestments. The Department of Justice required the parties to sell copies of the data contained in the following products: Thomson's WorldScope, a global fundamentals product; Reuters Estimates, an earnings estimates product; and Reuters Aftermarket (Embargoed) Research Database, an analyst research distribution product. The proposed settlement further requires the licensing of related intellectual property, access to personnel, and transitional support to ensure that the buyer of each set of data can continue to update its database so as to continue to offer users a viable and competitive product. ^[7] The European Commission imposed similar divestments: according to the Commission's press release, "the parties committed to divest the databases containing the content sets of such financial information products, together with relevant assets, personnel and customer base as appropriate to allow purchasers of the databases and assets to quickly establish themselves as a credible competitive force in the marketplace in competition with the merged entity, re-establishing the pre-merger rivalry in the respective fields. "^[8]

These remedies are viewed as very minor given the scope of the transaction. According to the Financial Times, "the remedy proposed by the competition authorities will affect no more than $25m of the new Thomson Reuters group’s $13bn-plus combined revenues. "^[9]

The transaction has also been cleared by the Canadian Competition Bureau. ^[10]

Purchase process

Historically, no single individual has been permitted to own more than 15% of Reuters, under the first of the Reuters Principles, which states that "Reuters shall at no time pass into the hands of any one interest, group or faction. " However, that restriction was waived for the purchase by Thomson, whose family holding company, The Woodbridge Company, will end up owning 53% of the enlarged business. The Woodbridge Company Limited is a Canadian private Holding company and the principal and controlling shareholder (53 percent of Thomson Reuters. Robert Peston, business editor at BBC News, stated that this has worried Reuters journalists, both because they are concerned that Reuters' journalism business will be marginalized by the financial data provision business of the combined company, and because of the threat to Reuters' reputation for unbiased journalism by the appearance of one majority shareholder. Pehr Gyllenhammar, chairman of the Reuters Founders Share Company, explained that the Reuters Trust's First Principle had been waived for the Thomson family because of the poor financial circumstances that Reuters had been in, stating that "The future of Reuters takes precedence over the principles. Pehr Gustaf Gyllenhammar (born April 28, 1935, in Gothenburg) is a Swedish businessman If Reuters were not strong enough to continue on its own, the principles would have no meaning. " He stated, not having met David Thomson but having discussed the matter with Geoff Beattie the president of Woodbridge, that the Thomson family had agreed to vote as directed by the Reuters Founders Share Company on any matter that the trustees deem to threaten the five principles of the Reuters Trust. Woodbridge will be allowed an exemption from the First Principle as long as it remains controlled by the Thomson family. ^{[11][12][13][14]}

References

Further reading

• Peter Kaplan. "Thomson Reuters deal would raise U.S. antitrust issue", Reuters, 2007-05-04. This article is primarily about Reuters prior to its 2008 merger with Thomson Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1256 - The Augustinian monastic order is constituted at the Lecceto Monastery when Pope Alexander IV  
• Penny Crosman. "How Will the Thomson Reuters Marriage Affect Customers?", Wall Street & Technology, CMP Media LLC, 2007-05-16. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1204 - Baldwin IX Count of Flanders is crowned as the first Emperor of the Latin Empire.  
• Ian Austen. "Combined Thomson Reuters Would Challenge Bloomberg", New York Times, 2007-05-09. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1457 BC - Battle of Megiddo (15th century BC between Thutmose III and a large Canaanite coalition under the King of  

External links

• Official website

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