ValueAct reports 5.5% stake in Reuters

By Lisa Kerner

Charlotte, N.C., Nov. 7 - Reuters Group plc investors led by ValueAct Capital Master Fund, LP bought 23,615,121 shares of the company's stock between Oct. 5 and Oct. 8 priced from $13.31 to $13.78 each.

The reporting persons beneficially own 69,274,475 shares, or some 5.5%, of Reuters' outstanding common stock, according to a schedule 13D filing with the Securities and Exchange Commission.

It was previously reported that the Thomson Corp. agreed on May 15 to acquire Reuters for about £8.7 billion, or $17.2 billion.

Stamford, Conn.-based Thomson provides information services in five segments: legal, tax and accounting, financial, scientific and health care.

Reuters is based in London and provides content and transaction services for the financial services marketplace.

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