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DATE 2007-05-01

HANGOUT

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Key: Value:

Key: Value:

MESSAGE
DATE 2007-05-12
FROM Ruben Safir
SUBJECT Subject: [NYLXS - HANGOUT] Public Information for Sale 7.75 Billion dollars
homson selling reference unit for $7.75 billion U.S. Email Story Email
story PrintPrint Text Size Text Size Text SizeChoose text size Report Typo
Report typo or correction Tag and Save Tag and save Powered by Delicious


OMERS and partner Apax agree to price that tops analysts' estimates by
$1 billion May 12, 2007 04:30 AM Chris Sorensen Business Reporter

Thomson Corp. has struck a deal to sell the company's higher education,
careers and library reference divisions for $7.75 billion (U.S.) in
a move that would provide much-needed cash for a proposed $17 billion
purchase of Reuters Group PLC.

Thomson, based in Toronto and Stamford, Conn., said yesterday that
London-based buyout firm Apax Partners and the Ontario Municipal Employees
Retirement System agreed to buy Thomson Learning and Nelson Canada.

"This sale is part of Thomson's previously announced strategy to sell the
assets of its Learning business to enable Thomson to pursue opportunities
better aligned with its growth strategy and business model," Thomson
said in a statement.

The sale was expected. Thomson first said it intended to sell the assets
in October.

Analysts, however, weren't expecting the $7.75 billion price tag, which
was at least $1 billion higher than some earlier estimates.

The proceeds should be enough to fund the entire cash portion of Thomson's
proposed bid for Reuters, the 156-year-old news agency and provider of
financial information. Details of the bid were revealed earlier this week.

The extra cash appeared to put Thomson investors at ease. Shares of
the company closed up $1.74 (Canadian) at $46.74 on the Toronto Stock
Exchange yesterday.

Thomson shares had fallen nearly 7 per cent after it was first revealed
the company was interested in buying Reuters, which was founded in 1851
by Paul Julius Reuter and now spans 131 countries.

If Thomson's bid is successful, the combined entity will edge past
the current industry leader, Bloomberg LP, in providing major banks
and brokerages with financial news and data. Recent estimates suggest
Reuters has about 23 per cent of the market, compared with Bloomberg's
33 per cent. Thomson, meanwhile, has 11 per cent.

Analysts have described the proposed deal as "monumental" for Thomson,
a company that was once considered among the world's largest publishers
of newspapers, including such prestigious titles as The Times of London.

Under the proposed plan, the newly merged corporation would still be
controlled by the Thomson family, but would be known as Thomson-Reuters.

--
http://www.mrbrklyn.com - Interesting Stuff http://www.nylxs.com -
Leadership Development in Free Software

So many immigrant groups have swept through our town that Brooklyn, like
Atlantis, reaches mythological proportions in the mind of the world -
RI Safir 1998

http://fairuse.nylxs.com DRM is THEFT - We are the STAKEHOLDERS -
RI Safir 2002

"Yeah - I write Free Software...so SUE ME"

"The tremendous problem we face is that we are becoming sharecroppers
to our own cultural heritage -- we need the ability to participate in
our own society."

"> I'm an engineer. I choose the best tool for the job, politics be
damned.< You must be a stupid engineer then, because politcs and
technology have been attacted at the hip since the 1st dynasty in
Ancient Egypt. I guess you missed that one."

  1. 2007-05-03 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] What is exciting today with Free Software?
  2. 2007-05-04 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Blue Ray being picked apart
  3. 2007-05-04 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Blue Tooth being picked at
  4. 2007-05-04 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [legcalendar-at-council.nyc.ny.us: City Council
  5. 2007-05-05 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Google IP Law Suits
  6. 2007-05-10 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Next NYLXS Meeting
  7. 2007-05-11 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Next NYLXS Meeting
  8. 2007-05-12 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Next NYLXS Meeting
  9. 2007-05-12 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Public Information for Sale 7.75 Billion dollars
  10. 2007-05-13 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Next NYKXS Meeting
  11. 2007-05-13 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Next NYLXS Meeting - Change in Plans
  12. 2007-05-15 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [nylug-at-q5comm.com: [nylug-talk] SSH tunneling
  13. 2007-05-15 mlr52-at-michaellrichardson.com RE: [NYLXS - HANGOUT] NXLXS *regular* meeting day?
  14. 2007-05-15 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] NXLXS *regular* meeting day?
  15. 2007-05-15 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] NYLXS Installfest in Brooklyn, NY
  16. 2007-05-15 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] NYLXS Installfest in Brooklyn, NY
  17. 2007-05-15 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [ruben-at-mrbrklyn.com: [NYLXS - HANGOUT] What is exciting today with
  18. 2007-05-16 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] We need a Venue for a lecture on June 6th.
  19. 2007-05-16 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [bruce.lai-at-council.nyc.ny.us: BROOKLYN BROADBAND
  20. 2007-05-17 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] We need a Venue for a lecture on June 6th.
  21. 2007-05-17 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Installfest Annoucnement
  22. 2007-05-19 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Re: [nylug-talk] NYLXS Installfest in Brooklyn,
  23. 2007-05-19 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] [auto_agent-at-jobcircle.com: JobCircle Weekly
  24. 2007-05-18 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Disks for Sunday
  25. 2007-05-21 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Installfest and Cookout
  26. 2007-05-21 mlr52-at-michaellrichardson.com RE: [NYLXS - HANGOUT] Installfest and Cookout
  27. 2007-05-21 mlr52-at-mycouponmagic.com Subject: [NYLXS - HANGOUT] June 6th
  28. 2007-05-21 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] June 6th
  29. 2007-05-22 From: "Michael L. Richardson" <mlr52-at-mycouponmagic.com> Subject: [NYLXS - HANGOUT] room rental
  30. 2007-05-22 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] room rental
  31. 2007-05-22 From: "Michael L. Richardson" <mlr52-at-mycouponmagic.com> Re: [NYLXS - HANGOUT] room rental
  32. 2007-05-22 From: "Michael L. Richardson" <mlr52-at-mycouponmagic.com> Re: [NYLXS - HANGOUT] room rental
  33. 2007-05-23 mlr52-at-michaellrichardson.com Subject: [NYLXS - HANGOUT] Room for June 6th
  34. 2007-05-23 mlr52-at-mycouponmagic.com Subject: [NYLXS - HANGOUT] RE: Room for June 6th
  35. 2007-05-29 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Meet to Plan June 6th
  36. 2007-05-30 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Meet to Plan June 6th
  37. 2007-05-30 Amy Coleman <acoleman-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] Myspace
  38. 2007-05-30 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Myspace
  39. 2007-05-30 Amy Coleman <acoleman-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Myspace
  40. 2007-05-31 mlr52-at-michaellrichardson.com RE: [NYLXS - HANGOUT] Meet to Plan June 6th
  41. 2007-05-31 Amy Coleman <acoleman-at-mrbrklyn.com> RE: [NYLXS - HANGOUT] Meet to Plan June 6th
  42. 2007-05-31 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] Meet to Plan June 6th
  43. 2007-05-31 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] We need some help
  44. 2007-05-31 Amy Coleman <acoleman-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] We need some help
  45. 2007-05-31 Ruben Safir <ruben-at-mrbrklyn.com> Re: [NYLXS - HANGOUT] We need some help
  46. 2007-05-31 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] David Sugar Photos
  47. 2007-05-31 Ruben Safir <ruben-at-mrbrklyn.com> Subject: [NYLXS - HANGOUT] NYLXS Goals

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