Acquisition
05 April 2001 - 12:43AM
UK Regulatory
RNS Number:6328B
Thomson Corporation
4 April 2001
( BW)(THOMSON-CORPORATION)(TOC.TO) Woodbridge Acquires Jane's
Information Group From Thomson
Business Editors
TORONTO--(BUSINESS WIRE)--April 4, 2001--The Thomson Corporation
(TSE:TOC) today announced that Jane's Information Group has been
acquired by a subsidiary of The Woodbridge Company Limited, the
holding company of the Thomson family, for US$110 million.
Richard J. Harrington, president and chief executive officer of
The Thomson Corporation said, "Jane's is an excellent business with
strong brand equity and a highly loyal customer base. However, it
falls outside our focus of being a leading e-information and solutions
provider to the legal, financial, learning, scientific and healthcare
markets."
Jane's specializes in the collection, analysis, evaluation and
distribution of information in the defense, transport and law
enforcement sectors, supplying industry, government and military
globally.
Alfred Rolington, chief executive officer of Jane's Information
Group said, "This is a very exciting time for Jane's. We have spent
many fruitful years as part of The Thomson Corporation. This move will
allow Jane's to continue its success and also push forward into
fulfilling its ambitions within the global information and
intelligence services market."
UBS Warburg was retained by Thomson as financial advisor and
provided an opinion to the Thomson board of directors as to the
fairness of the transaction to Thomson from a financial point of view.
The Thomson Corporation (www.thomson.com), with 2000 revenues of
approximately US$6.0 billion, is a leading global e-information and
solutions company in the business and professional marketplace. The
Corporation's common shares are listed on the Toronto and London stock
exchanges.
--30--jgm/ny*
CONTACT: The Thomson Corporation
Investor Contact:
John Kechejian, 203/328-9470
john.kechejian@thomson.com
Media Contact:
Jason Stewart, 203/328-8339
jason.stewart@thomson.com
or
For Jane's
Claire Brunavs, +44 (0)20 8700 3703
Claire.brunavs@janes.co.uk
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