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Thomson family may increase its stake

Saturday 20 September 2008

The Thomson family signalled it may slightly increase its voting interest in Thomson Reuters. In a regulatory filing on Friday, the family said it may sell as many as 10 million of the common shares listed on the Toronto Stock Exchange and spend the proceeds on ordinary shares listed on the London Stock Exchange.

Woodbridge, the Thomson family’s holding company, said the move was being made to facilitate trading in the stocks.

Based on current prices, the transaction would result in a slight increase in Woodbridge’s 55 per cent voting interest, it said.

Since Thomson’s takeover of Reuters in April, London shares of the new dual-listed company have traded at a large discount to those in Toronto. ■

SOURCE
The Montreal Gazette