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ValueAct reduces ownership interest in Reuters Group
By Lisa Kerner
Charlotte, N.C., March 18 - Investors led by ValueAct Capital Master Fund, LP reduced their stake in Reuters Group plc to 4.7% from 5.5% with the sale of 26,768,952 shares of the company's stock.
According to a schedule 13D filing with the Securities and Exchange Commission, the shares were sold between Feb. 26 and March 14 priced from $11.90 to $12.26 per share.
The investors beneficially own 58,607,160 shares of Reuters common stock.
ValueAct Capital bought 23,615,121 shares of the company's stock between Oct. 5 and Oct. 8 priced from $13.31 to $13.78 each, it was reported in a prior SEC filing.
On May 15, Thomson Corp. agreed 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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