The boards of Thomson and Reuters have agreed to combine the two groups, and intend to recommend the transaction to their shareholders. Woodbridge, the Thomson family holding company which controls some 70 per cent of Thomson, has irrevocably committed to vote in favour of the transaction, and the Reuters Founders Share Company, which controls a special share in Reuters, has also resolved to support the transaction. Thomson will be renamed Thomson-Reuters Corporation, and the combined Thomson Financial unit and Reuters financial and media businesses will be called Reuters. For more on the likely implications of the transaction for reference data.
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