The NASDAQ OMX Group, Inc.
NDAQ today announced that it has entered into an agreement with
Thomson Reuters to acquire the Investor Relations, Public Relations and
Multimedia Solutions businesses, which provide insight, analytics and
communications solutions to more than 7,000 clients worldwide. Upon completion
of the transaction, these complementary businesses will be integrated into
NASDAQ OMX Corporate Solutions. The combination would create a global
corporate services portfolio, with more diversified and comprehensive
offerings to sell to NASDAQ OMX's listing and corporate clients. NASDAQ OMX
expects the acquisition, once completed, to be accretive to earnings within
the first 12 months, excluding transaction-related costs, and to generate
attractive returns on capital.
NASDAQ OMX Corporate Solutions helps public and private companies and
organizations minimize risk, maximize efficiency and increase transparency
with a fully integrated, comprehensive suite of products and services that
delivers market intelligence and improves communications effectiveness with
key constituencies.
NASDAQ OMX has made a binding offer to acquire Thomson Reuters Investor
Relations, Public Relations and Multimedia Solutions businesses for $390
million in cash. Thomson Reuters and NASDAQ OMX will begin the information and
consultation process with respect to this proposed transaction with all
relevant works councils, unions and employee representatives. Upon completion
of the employee information and consultation process, NASDAQ OMX expects
Thomson Reuters to enter into a definitive purchase and sale agreement in
respect of the proposed acquisition. The proposed transaction will also be
subject to customary regulatory approvals and is expected to close in the
first half of 2013. Until the closing of the transaction, NASDAQ OMX and these
Thomson Reuters businesses will continue to operate as independent companies
and will remain committed to providing superior service to create value for
their customers.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in