Reuters Completes Acquisition of Multex
London – Reuters (LSE: RTR, NASDAQ: RTRSY), the global information company, has completed the acquisition of Multex.com, Inc.
Devin Wenig, President, Customer Segments, Reuters, said: “Multex brings multiple assets to Reuters and its customers – a deep and broad database of global company information, expertise in investment research and a popular retail offering. We plan a swift integration of products and talented staff. Our goal is to augment existing products and to produce innovative, cost-effective research solutions for professional and individual investors, using the best assets of Reuters and Multex.”
Multex is now wholly-owned by Reuters. Its products will continue to carry the Multex name during a transition period. Multex shares have been removed from listing on Nasdaq.
The acquisition followed the completion last Wednesday, March 26, of a cash tender offer by Reuters for Multex common stock at $7.35 per share. Reuters completed the tender offer with more than 97% of Multex shares, including 6% owned by Reuters prior to the tender. All remaining shares were converted into the right to receive the same price of $7.35 per share in cash.
Former Multex stockholders who did not participate in the tender offer will receive instructions as to how to surrender their certificates to receive the cash payment.
ENDS
Contacts:
Nancy Bobrowitz
Corporate Communications – US
Tel: +1 646 223 5220
Nancy.Bobrowitz@reuters.com
Samantha Topping
Reuters Media Relations - US
Tel +1 646-576-5584
Samantha.topping@reuters.com
Yvonne Diaz
Reuters Media Relations – UK
Tel +44 20 7542 2615
Yvonne.diaz@reuters.com
About Reuters
Reuters (www.about.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Our information is trusted and drives decision making across the globe based on our reputation for speed, accuracy and independence. We have over 16,000 staff in 94 countries, including some 2,400 editorial staff in 197 bureaux serving approximately 130 countries, making Reuters the world's largest international multimedia news agency. In 2002, the Reuters Group had revenues of £3.6 billion.
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