Westlaw Publisher Seeks Reuters Merger
Posted May 7, 2007 10:42 AM CDT
By Debra Cassens Weiss
The company that owns Westlaw is in talks to merge with financial publisher Reuters Group PLC.
Thomson is strong in the U.S., where its strength is in reaching money managers, hedge funds and other investors, the newspaper says. Reuters has better market position outside the U.S., reaching sales teams at commercial and investment banks.
Reuters CEO Tom Glocer is a former mergers and acquisition lawyer at Davis Polk & Wardwell in New York.