Saturday, May 5, 2007

Reuters soars on approach, Thomson touted as bidder

(Reuters) - News and financial data provider Reuters said on Friday it had received a takeover approach, sending its shares up almost a third, with Canadian publisher Thomson widely touted as the mystery suitor.

Canada's Globe and Mail newspaper and several U.S. and British publications reported on their Web sites that the bidder was Thomson Corp., citing sources familiar with the situation. The Financial Times later reported on its Web site that Reuters looked set to endorse an offer from Thomson.


Read more at Reuters Africa

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