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Thomson $17bn Reuters Buyout

Reuters has agreed to a $17bn buyout by Canadian financial data provider Thomson, the BBC reported. The deal will result in the creation of the world's biggest financial news and data firm, called Thomson-Reuters. It will be listed on the stock exchanges in London and Toronto. Analysts cited by the BBC said that Thomson-Reuters would be in a stronger position to compete with Bloomberg.
end post ameinfo.com

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