Hints and tips:
...Three-and-a-half years after what had been presented as a merger, Mr Glocer’s former colleagues from the London-listed Reuters have been reminded that the deal was a takeover by Canada’s Thomson Corporation...
...The family behind Thomson Reuters is pushing for faster results from the three-year-old merger of Thomson Corporation and Reuters, the FT says....
...Mr Glocer still has the support of the board and of Geoff Beattie, chief executive of Woodbridge, according to people close to the board....
...Woodbridge, the Thomson family’s investment company, holds 55 per cent of its shares....
...The former Thomson Corporation share price, which topped C$50 in early 2007, now stands below $34....
...Geoff Beattie, president of Woodbridge, was also granted restricted stock units with a theoretical value of $3.57m....
...When Thomson Corporation, flush with the proceeds of selling its education division, bid £7.9bn ($11.9bn) for Reuters in May 2007, great efforts were made to pay respect to that history....
...“I think there is going to be a pendulum swing back towards that, because of how hard it is to make the publicly held corporation work.”...
...Takeover talks between Thomson Corporation and Reuters were clearly much more advanced than was generally realised on Friday, when news of discussions leaked, sending Reuters’stock hurtling higher....
...David Thomson has been chairman of the Thomson Corporation for five years, following a plan set out in his grandfather’s autobiography....
...Woodbridge, the Thomson family holding company, has promised to use its voting control to support the principles....
...Geoff Beattie, who represents the family’s interests as head of its Woodbridge holding company, would become joint deputy chairman, alongside Niall Fitzgerald, Reuters chairman....
...Halloween is both an anarchic tradition and the creature of big corporations....
...The new Thomson-Reuters will be chaired by Geoff Beattie, a close counsellor to the family who runs its holding company, Woodbridge....
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