Acquisition
September 27 2001 - 10:02AM
UK Regulatory
RNS Number:7527K
Thomson Corporation
27 September 2001
Thomson Completes Acquisition of NewsEdge Corporation
TORONTO--Sept. 27, 2001--The Thomson Corporation (TSE:TOC)
announced today that it has completed the acquisition of NewsEdge
Corporation.
The tender offer expired, as scheduled, at 12:00 midnight (EDT) on
Tuesday, September 25, 2001. 17,687,928 shares (including through
notices of guaranteed delivery) of NewsEdge common stock (constituting
approximately 95% of the issued and outstanding shares of NewsEdge
common stock) had been validly tendered and not withdrawn.
NewsEdge is a US$71 million provider of real-time news and
information products and services to approximately 1,500 corporations
and professional service firms worldwide. NewsEdge combines
proprietary technology, content and specialized editorial processes to
deliver tailored information and decision-support solutions to
knowledge workers through its information products and content
solutions.
About The Thomson Corporation
The Thomson Corporation (www.thomson.com), with 2000 revenues of
approximately US$6 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.
About NewsEdge
NewsEdge is a global provider of content solutions for business.
Its customers include both content creators and the operators of the
world's most active Web sites. NewsEdge offers technology and services
for its customers to create, manage and deploy content for millions of
end-users through enterprise sites, portals, publisher Web sites and
distribution channels. NewsEdge services make organizations smarter,
attract specialized audiences, foster high-frequency usage, promote
Web site "stickiness" and ultimately cultivate commerce. NewsEdge
serves thousands of sites and companies with highly targeted content
solutions from the NewsEdge Refinery(TM), including industry-specific
topics, wireless services, turn-key permission marketing and
publishing tools, outsourced editorial capabilities and sub-second
live news feeds and applications. The NewsEdge Refinery combines a
patented combination of sophisticated technology and human editorial
review to deliver highly targeted news on more than 2,000 business
topics from more than 2,000 sources. NewsEdge is headquartered in
Burlington, Mass., with offices and distributors throughout North
America, South America, Europe, Japan and the Middle East. For more
information about NewsEdge, visit www.NewsEdge.com.
CONTACT: The Thomson Corporation
Media Contacts:
Jason C. Stewart, 203/328-8339
jason.stewart@thomson.com
Investor Contacts:
John Kechejian, 203/328-9470
john.kechejian@thomson.com
or
NewsEdge Corp.
Media Contacts:
David Scott, 781/229-3000
david.scott@newsedge.com
Investor Contacts:
Ron Benanto, 781/229-3000
ron.benanto@newsedge.com
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