Specifically, the company's senior unsecured notes paying a coupon of 5.85% and maturing in 2040 landed an A- rating to reflect its "strong" capacity to meet financial obligations, enhanced by its broadened product offering and strengthened revenues following its 2008 buy of UK-based Reuters Group
merged with Reuters Group
, PLC to form Thomson Reuters, the consolidation has proved to be a good move.
Several megadeals finally completed in the quarter include the acquisition of Reuters Group
by Thomson and the purchase of Scottish and Newcastle by a consortium including Heineken NV and Carlsberg A/S.
Calculating as if the merger of Reuters Group
with Thomson, which closed in April, had occurred a year ago, revenue would have been up 11% to $3.4 billion in the period, and operating profits up 15% to $708 million.
It was reported that Thomson Reuters has attained customers in 93 countries and 50,000 employees worldwide since Thomson Corporation and Reuters Group
PLC merged to create the business early this year.
The proposed takeover of the Reuters Group
(UK) by Thomson (Canada), notified on 3 September, raises doubts as regards competition, particularly regarding the financial information sector.
on Friday launched a buyout bid worth at least $16 billion for Reuters Group
Plc., a move that would combine two financial-information providers to better compete with Bloomberg LP and Dow Jones & Co.
The biggest fallers were Old Mutual down 5.8p at 175.2p, Rexam off 16.5p at 526p, Reuters Group
down 18p at 612p and Liberty International off 34p at 1230p.
and Reuters Group
PLC surged on takeover speculation, igniting the U.S.
Other significant deals included Thomson Corporation's $19B acquisition of UK based Reuters Group
and its sale of Thomson Learning Assets to a group of private equity buyers for $8.6B.
DMG acquired the Yankee Group in 2004 from Reuters Group
. The Monitor Group LP, the world's fourth leading strategy consulting firm, founded DMG with the goal of "building the next generation research and consulting firm."
Alta Communications (Boston, MA), a private equity firm that specializes in media and telecommunications investments, and Emily Green, a former executive at Yankee Group rival Forrester Research (Cambridge, MA), has acquired The Yankee Group (Boston, MA), a provider of communications and networking research and consulting services, from the Decision Matrix Group (DMG; Boston, MA)