Event
DBRS Hosts Teleconference on Thomson Corporation Plans to Purchase Reuters
- Conference Call
-
- Telecom/Media/Technology
- Toronto
- May 8, 2007
- 2:00 pm EDT
Details
DBRS hosted a teleconference, Tuesday, May 8 at 2:00 pm EDT, to discuss its decision to place the ratings of The Thomson Corporation (Thomson or the Company) Under Review with Negative Implications. This follows the Company’s announcement today that it has initiated discussions which are expected to lead to a transaction to acquire Reuters Group PLC (Reuters) in a cash and equity transaction (50%/50%) for roughly $19 billion ($14.09 or ₤7.05 per Reuters share). The new entity is expected to be named Thomson-Reuters.
The call will be led by DBRS Managing Director Paul Holman and Senior Vice President Chris Diceman.
To participate in the teleconference, please dial the appropriate numbers listed five minutes before the 2:00 pm EDT start time.
Local callers: 416 641 6114
North American callers (toll free): (1) 866 696 5911
International callers (toll free): (1) 800 6578 9888
DBRS rates Thomson’s long-term debt at A (low), Commercial Paper at R-1 (low) and Preferred Shares at Pfd-2 (low).
A replay of the teleconference will be available until close of business day Tuesday, May 15, 2007, and can be accessed in North America by dialing 1 800 408 3053, quoting confirmation code 3222504#. International callers can also access the replay until close of business day by dialing +1-416-695-5800 and quoting confirmation code 3222504#.