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Dual listings, explained

Those intrigued by news that Thomson and Reuters are discussing a dual listed structure for their planned merger should read a handy little guide prepared by the FT’s Maggie Urry.

They’re not as novel as some M&A youngsters might think, offering a way to form a single operational business while retaining separate shareholder bodies. Think Carnival, BHP Billiton and, of course, Unilever.