Woodbridge to Reinvest 50% of Thomson Dividends Through Q3 2008
14 December 2007 - 11:26PM
PR Newswire (US)
STAMFORD, Conn., Dec. 14 /PRNewswire-FirstCall/ -- The Thomson
Corporation (NYSE: TOC; TSX: TOC), a leading provider of
information solutions to business and professional customers
worldwide, today announced that its controlling shareholder, The
Woodbridge Company Limited, has indicated that it will reinvest 50%
of its quarterly dividends in Thomson common shares during the
first three quarters of 2008 in accordance with the terms of
Thomson's dividend reinvestment plan (DRIP). (Logo:
http://www.newscom.com/cgi-bin/prnh/20020227/NYW014LOGO ) Reuters
announced yesterday its intent to buy back up to 50 million of its
ordinary shares prior to being acquired by Thomson. Thomson resumed
its own buyback program on November 23 and remains committed to
maintaining a strong capital structure and balance sheet.
Woodbridge's reinvestment decision furthers this commitment and
supports Thomson's and Reuters' independent share buyback programs.
All eligible Thomson shareholders may elect to reinvest their
dividends in Thomson common shares at the prevailing market price
under Thomson's DRIP. 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). CAUTIONARY NOTE
CONCERNING FACTORS THAT MAY AFFECT FUTURE RESULTS This news release
includes forward-looking statements. There can be no assurance that
the proposed acquisition of Reuters will be consummated. The
closing of the proposed transaction is subject to various
regulatory approvals and the fulfillment of certain conditions, and
there can be no assurance that any such approvals will be obtained
and/or such conditions will be met. All forward-looking statements
in this news release are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. These risks and uncertainties
include, without limitation, the effect of regulatory conditions,
if any, imposed by regulatory authorities and the reaction of
Thomson's and Reuters customers, suppliers, competitors and others
to the proposed transaction. In addition, Thomson does not control
Woodbridge and Woodbridge is not obligated to reinvest its
dividends in Thomson shares. Additional factors are discussed in
the Corporation's materials filed with the securities regulatory
authorities in Canada and the United States from time to time,
including the Corporation's latest annual information form, which
is also contained in its most recently filed annual report on Form
40-F. The Corporation disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, other than
as required by law. 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: Fred Hawrysh Global Director, External
Communications (203) 539-8314 Investor Contact: Frank J. Golden
Vice President, Investor Relations (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, Web site:
http://www.thomson.com/
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