Thomson Announces Resumption of Share Repurchase Program
23 November 2007 - 11:33PM
PR Newswire (US)
STAMFORD, Conn., Nov. 23 /PRNewswire/ -- 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 company's announcement of its proposed
acquisition of Reuters Group PLC in May 2007. (LOGO:
http://www.newscom.com/cgi-bin/prnh/20020227/NYW014LOGO ) 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
(http://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 Corporation's common shares are listed on the New York and
Toronto stock exchanges (NYSE: TOC; TSX: TOC). ADDITIONAL
INFORMATION This document does not constitute an offer for sale of
any securities or an offer or an invitation to purchase any such
securities. Following satisfaction or waiver of the pre-conditions
to the proposed Reuters transaction, documents relating to the
proposed transaction will be furnished to or filed with the SEC.
Shareholders are urged to read such documents regarding the
proposed transaction if and when they become available, because
they will contain important information. Shareholders will be able
to obtain free copies of these documents, as well as other filings
containing information about the companies, without charge, at the
SEC's website at http://www.sec.gov/, at the Canadian securities
regulatory authorities' website at http://www.sedar.com/ and from
Thomson. These documents will also be available for inspection and
copying at the public reference room maintained by the SEC at 100 F
Street, N.E., Washington, D.C. 20549, United States. For further
information about the public reference room, call the SEC at +1
800-732-0330. Media Contact: Investor Contact: Fred Hawrysh Frank
J. Golden Global Director, Vice President, External Communications
Investor Relations (203) 539-8314 (203) 539-8470
http://www.newscom.com/cgi-bin/prnh/20020227/NYW014LOGO
http://photoarchive.ap.org/ DATASOURCE: The Thomson Corporation
CONTACT: Media: Fred Hawrysh, Global Director, External
Communications, +1-203-539-8314, , or Investors: Frank J. Golden,
Vice President, Investor Relations, +1-203-539-8470, , both of The
Thomson Corporation Web site: http://www.thomson.com/
http://www.thetakeoverpanel.org.uk/
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