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Thomson Reuters chair sought better terms for financial unit - WSJ

Reuters  |  TORONTO 

TORONTO (Reuters) - Thomson Reuters Corp Chairman David Thomson urged the company's board of directors to seek better terms for its $17 billion sale of a large chunk of its business to Blackstone Group LP, the Wall Street Journal reported on Thursday, citing people close to the deal. Blackstone last month agreed to buy a majority stake in Thomson Reuters' Financial & Risk division, which competes against privately held Bloomberg in providing bankers and investors with news, data and analytics.Executives with Woodbridge Co, a private Toronto firm that holds the Thomson family's majority stake ...

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First Published: Thu, February 15 2018. 22:53 IST