Thomson Announces Resumption of Share Repurchase Program
The Thomson Corporation (NYSE: TOC; TSX: TOC), a leading provider of information solutions to business and professional customers worldwide, today announced it has resumed its share repurchase program (normal course issuer bid). Under the current program, the company may repurchase up to 15 million of its common shares. Thomson temporarily suspended repurchases prior to the companyís announcement of its proposed acquisition of Reuters Group PLC in May 2007.
Thomson continues to expect to receive regulatory clearance for the Reuters transaction in the first quarter of 2008. While the regulatory review process continues, integration planning efforts associated with the acquisition are proceeding on course.
Thomson has entered into a pre-defined plan with its broker to allow for the repurchase of common shares at times when Thomson ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. This plan was adopted in accordance with the requirements of applicable Canadian securities laws and Rule 10b5-1 under the U.S. Securities Exchange Act of 1934.
The Thomson Corporation
The Thomson Corporation (www.thomson.com) is a global leader in providing essential electronic workflow solutions to business and professional customers. With operational headquarters in Stamford, Conn., Thomson provides value-added information, software tools and applications to professionals in the fields of law, tax, accounting, financial services, scientific research and healthcare. The Corporationís common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.