Shareholders green-light Thomson-Reuters deal

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Stamford, Conn.—Thomson Corp.’s $17.2 billion takeover of Reuters Group has been approved by shareholders of both companies. The acquisition is expected to close April 17. The new financial data powerhouse will be called Thomson Reuters Corp. It will garner about 34% of the financial information market, pitting it against Bloomberg, which has about a 33% share of the market, based on Inside Market Data figures for 2007. Tom Glocer, CEO of Reuters, is to become CEO of the merged company.
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