Thomson, Reuters confident on buyout

Thomson Corp. and Reuters Group PLC said Monday they are confident the Department of Justice and European Commission will approve Reuters' proposed $17.6 acquisition of Thomson soon.

Financial information company Thomson announced the proposed transaction in May.

The companies said they agreed to have the Department of Justice and European Commission align their reviews, which should result in the two regulatory bodies giving their decisions around the same time.

The buyout is expected to close early in the second quarter.
Source : http://www.businessweek.com