Reuters completes acquisition
March 31 2003 - 9:30AM
UK Regulatory
RNS Number:4118J
Reuters Group PLC
31 March 2003
Monday, 31 March 2003
REUTERS COMPLETES ACQUISITION OF MULTEX
London - Reuters (LSE: RTR, NASDAQ: RTRSY), the global information company, has
completed the acquisition of Multex.com, Inc.
Devin Wenig, President, Customer Segments, Reuters, said: "Multex brings
multiple assets to Reuters and its customers - a deep and broad database of
global company information, expertise in investment research and a popular
retail offering. We plan a swift integration of products and talented staff.
Our goal is to augment existing products and to produce innovative,
cost-effective research solutions for professional and individual investors,
using the best assets of Reuters and Multex."
Multex is now wholly-owned by Reuters. Its products will continue to carry the
Multex name during a transition period. Multex shares have been removed from
listing on Nasdaq.
The acquisition followed the completion last Wednesday, March 26, of a cash
tender offer by Reuters for Multex common stock at $7.35 per share. Reuters
completed the tender offer with more than 97% of Multex shares, including 6%
owned by Reuters prior to the tender. All remaining shares were converted into
the right to receive the same price of $7.35 per share in cash.
Former Multex stockholders who did not participate in the tender offer will
receive instructions as to how to surrender their certificates to receive the
cash payment.
End
Contacts
Nancy Bobrowitz Tel: +1 646 223 5220
Corporate Communications - US
Nancy.Bobrowitz@reuters.com
Samantha Topping Tel: +1 646 576 5584
Corporate Communications - US
Samantha.topping@reuters.com
Yvonne Diaz Tel: +44 207 542 2615
Corporate Communications - UK
Yvonne.diaz@reuters.com
About Reuters
Reuters (www.about.reuters.com), the global information company, provides
indispensable information tailored for professionals in the financial services,
media and corporate markets. Our information is trusted and drives decision
making across the globe based on our reputation for speed, accuracy and
independence. We have over 16,000 staff in 94 countries, including some 2,400
editorial staff in 197 bureaux serving approximately 130 countries, making
Reuters the world's largest international multimedia news agency. In 2002, the
Reuters Group had revenues of #3.6 billion.
Reuters and the sphere logo are the trade marks of the Reuters group of
companies.
This information is provided by RNS
The company news service from the London Stock Exchange
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