Shareholders approve Thomson Reuters delisting

Posted 08 22 2009 8:36AM

LONDON (AFP) – Shareholders in financial and professional information provider Thomson Reuters on Friday approved changes that will see the company delisted from the London Stock Exchange and the Nasdaq, it said.

The group said recently that it intended to end its dual-listed company structure and unify into one entity.

Shareholders' approval of unification means Thomson Reuters will remain listed on the Toronto Stock Exchange and New York Stock Exchange and will no longer be listed on the London Stock Exchange and Nasdaq.

Thomson Reuters was formed in April 2008 after Canada's Thomson Corp bought Britain-based news agency company Reuters.

In Friday's meetings, shareholders in the British branch as well as the Canadian branch approved the changes nearly unanimously at meetings in London and Toronto, according to the company.

The changes are to take effect on September 10, if the company is granted court approval for the unification, it said.