Board to meet on Tuesday to discuss bid by private fairness group for 55% of financial and risk arm of corporationUS private fairness firm Blackstone Group LP is in advanced talks to buy an approximate 55% stake in the financial and risk commerce of Thomson Reuters Corp for more than $17bn (£12bn),three sources familiar with the matter said on Monday.
Thomson Reuters’ board, the sources said, and is expected to meet on Tuesday to discuss Blackstone’s all-cash offer for the F&R commerce,which supplies news, data and analytics to banks and investment houses around the world. The unit contributes more than half of Thomson Reuters’ annual revenues.
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Source: guardian.co.uk