EU Pushes Thomson-Reuters Review Back 10 Days

Law360, New York (October 31, 2007, 12:00 AM EDT) -- The European Commission will take an additional 10 days to consider whether Thomson Corp.'s proposed $17.5 billion takeover of Reuters Group PLC poses significant anti-competitive threats.

Thomson said on Tuesday that the two real-time financial information providers had requested that the EC get more time to clear their merger. The commission originally planned to end its inquiry by Feb. 25.

A Thomson spokeswoman said the companies remain confident that they will get approval to complete the deal by the end of the first quarter in 2008,...
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