Thomson Completes Sale of Thomson Learning Higher Education Assets
STAMFORD, Conn., July 5 /PRNewswire-FirstCall/ -- The Thomson Corporation (NYSE: TOC; TSX: TOC), a leading provider of information solutions to business and professional customers worldwide, today announced that it has completed the sale of the higher education, careers and library reference assets of Thomson Learning as well as the sale of Nelson Canada to a consortium of funds advised by Apax Partners (Apax) and OMERS Capital Partners (OCP). Combined, the total value of the transaction is approximately $7.75 billion, as previously announced. Thomson announced it had entered into definitive agreements with the funds advised by Apax and OCP on May 11, 2007.
Morgan Stanley and RBC Capital Markets acted as financial advisors to Thomson on the sale.
The Thomson Corporation
The Thomson Corporation (www.thomson.com) is a global leader in providing essential electronic workflow solutions to business and professional customers. With operational headquarters in Stamford, Conn., Thomson provides value-added information, software tools and applications to professionals in the fields of law, tax, accounting, financial services, scientific research and healthcare. The Corporation's common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
SOURCE The Thomson Corporation
CONTACT:
Media, Jason Stewart,
Vice President, Media Relations,
+1-203-539-8339,
jason.stewart@thomson.com,
or Investors, Frank J. Golden,
Vice President, Investor Relations,
+1-203-539-8470,
frank.golden@thomson.com,
both of The Thomson Corporation
Web site: http://www.thomson.com