Thompson Reuters Corporations’ up to $9 billion Modified “Dutch Auction” Tender Offer of its common shares

Simpson Thacher represented Merrill Lynch Canada Inc. and TD Securities Inc., as Canadian dealer managers, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as U.S. dealer manager, in connection with a modified “Dutch auction” tender offer by Thompson Reuters Corporation for up to $9 billion of its common shares.

The tender offer was funded with a portion of the proceeds received by the company from its sale of a 55% interest in its Financial & Risk business to private equity funds managed by The Blackstone Group. Canada Pension Plan Investment Board and an affiliate of GIC.

Thomson Reuters Corporation is the world’s leading source of news and information for professional markets. The Company has its principal executive offices in Toronto and has its common shares listed on the Toronto Stock Exchange and the New York Stock Exchange. The tender offer was conducted pursuant to the rules under the U.S./Canadian multijurisdictional disclosure system.

The Simpson Thacher team for the tender offer included John D. Lobrano (Picture) and Marisa Stavenas (Capital Markets); and Jonathan Cantor and Pierce Pandolph (Tax).


Involved fees earner: John Lobrano – Simpson Thacher & Bartlett; Marisa Stavenas – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Pierce Pandolph – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Merrill Lynch, Pierce, Fenner & Smith Incorporated; TD Securities; Merrill Lynch Canada Inc.;


Author: Ambrogio Visconti