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’CDS report: Traders fail to be inspired by equity market rally
This CDS report was written by Markit’s Gavan Nolan
Credit markets proved resistant to bullish sentiment in the equity markets today and continued to widen. Credit investors have been taking profits after the recent rally and didn’t see yesterday’s widening as an opportunity to take long risk positions.
Bloomberg to boost reporting team
Bloomberg, the privately owned news and information company, will expand its 2,300-strong news operation by more than 10 per cent this year as news plays a growing role in the content on the electronic system.
Thomson accepts Reuters voting code
The Thomson family may have to vote its stake in the new Thomson Reuters in line with the Reuters Founders Share Company’s wishes, it emerged on Wednesday, as the body’s chairman gave his first explanation of why it waived its rules to allow the deal to go ahead.
Thomson plea to regulators over Reuters
Thomson Corporation and Reuters on Tuesday urged regulators to take a broad view of the “dynamic” market for financial data, but predicted it could take up to a year to complete their £8.7bn plan to seize the market lead from Bloomberg.
Lombard’s take on Thomson-Reuters
LONDON, May 15 (Reuters) – Canadian publisher Thomson Corp, owner of a rival to this news-wire, has agreed to buy Reuters, which owns this news-wire.
The £8.7bn offer would create the world’s biggest financial news and data group to rival Dow Jones,
Thomson and Reuters agree to become…Thomson-Reuters!
Reuters terminals across the world will be churning out details of fresh ownership at the 150-year-old news and data service on Tuesday as the boards of Reuters and Thomson agree to combine their businesses.
Reuters unions question Thomson bid
Unions representing Reuters staff in the UK, US and Canada have expressed “deep concerns” about Thomson’s £8bn bid in a letter to the Reuters Founders Share Company, the body which could decide whether the bid succeeds.
Thomson nearer to clinching Reuters deal
The Reuters Founders Share Company, the trust that acts as guardian to the editorial independence of Reuters Group, is set to back the proposed takeover of the media group by Canada’s Thomson Corp, reported the Independent on Sunday [via Reuters].
Another box ticked on the way to Thomson Reuters
This Thomson/Reuters merger is looking more like a done deal with every passing day. At least “done” in every aspect other than regulatory clearance.
Six months after announcing that it planned to sell its education division,
Investor fears hit Thomson and Reuters
Concerns about the regulatory and integration challenges of Thomson Corporation’s £8bn bid for Reuters weighed on both companies’ shares on Wednesday as it emerged that the Thomson family intends to take direct control of the merged group.
Now for the hard part: Reuters woos bid support
Reuters executives have begun the task of trying to persuade the group that guards the company’s editorial independence to allow an £8bn takeover by Thomson Corporation, even as commentators focused on the issue of whether Thomson is over-paying for Reuters.
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,
Message from Tom Glocer
The Reuters chief executive’s memo to staff on Tuesday…
This morning we confirmed that we are in talks to combine Reuters with Thomson Corporation. We made this announcement because there was significant speculation in the market as to the identity and terms of a possible combination,
Thomson-Reuters: dual structure planned, deal values Reuters at £8.77bn
Takeover talks between Thomson Corporation and Reuters were clearly much more advanced than was generally realised on Friday, when news of discussions leaked, sending Reuters’stock hurtling higher.
On Tuesday,
Banks could sway Thomson-Reuters tie-up
Investment banks could play an important role in deciding the regulatory fate of the proposed £8.8bn tie-up between Reuters and Thomson Corporation, amid concerns that combining two major financial data companies will be anti-competitive,
Reuterson?
Faced with a share price ratcheting higher, Reuters issued a statement mid-morning on Friday confirming that it has received a preliminary takeover approach.
There was no further detail. Shares in Reuters immediately ran through 600p in chaotic trade.
Reuters news alert: Thomson Corporation the suitor?
Maybe it’s bid fever, or maybe the chatter has some real substance: word in the London market on Friday had it that Reuters is about to announce that it has received a £7.5bn takeover offer from rival Thomson,
April a record month for M&A, whoever you read
April was a record month for M&A, no matter whose data you choose to read. Mergermarket, the financial news and data business, newly part of the Financial Times Group, calculates $482.6bn worth of M&A activity during the month,