Shearman & Sterling Guides Nasdaq's $390M Reuters Units Buy

Law360, New York (December 12, 2012, 3:44 PM EST) -- Nasdaq OMX Group Inc. will put up $390 million for the investor relations, public relations and multimedia communications units of Thomson Reuters Corp. to build up its offerings for corporate clients, the New York companies said Wednesday.

It was unclear how Nasdaq would finance the transaction, which it said it expected to close in the first half of 2013. The deal’s terms still need to work their way through talks with the companies’ work councils and unions before a definitive agreement is reached, they said. The...
To view the full article, register now.