Acquisition

RNS Number:6764K
Thomson Corporation
26 September 2001

(BW)(THOMSON-CORPORATION)(TOC) The Thomson Corporation Announces
Completion of Cash Tender Offer for NewsEdge Corporation

    TORONTO--(BUSINESS WIRE)--Sept. 26, 2001--The Thomson Corporation
(TSE:TOC) announced today the completion of the cash tender offer by
its indirect wholly owned subsidiary, InfoBlade Acquisition
Corporation, for all of the outstanding shares of common stock of
NewsEdge Corporation (NASDAQ:NEWZ).
    InfoBlade has accepted for purchase and payment all shares of
NewsEdge common stock validly tendered and not properly withdrawn
prior to the expiration of the cash tender offer.
    The tender offer expired, as scheduled, at 12:00 midnight (EDT) on
Tuesday, September 25, 2001. Based on a preliminary count;
approximately 17,687,928 shares (including through notices of
guaranteed delivery) of NewsEdge common stock (constituting
approximately 95% of the issued and outstanding shares of NewsEdge
common stock) had been validly tendered and not withdrawn. All of the
conditions to complete the cash tender offer have been satisfied.
InfoBlade shall promptly pay US$2.30 per share, net to the seller in
cash, for all of the shares of NewsEdge common stock validly tendered
and not properly withdrawn prior to the expiration of the cash tender
offer.
    In the second step of the acquisition, Thomson plans to merge
InfoBlade and NewsEdge, with NewsEdge as the continuing entity. As a
result, each share of NewsEdge common stock not previously purchased
in the tender offer will be converted into the right to receive
US$2.30 per share, net to the seller in cash, except for those shares
held by NewsEdge stockholders who seek appraisal of their shares
pursuant to applicable provisions of Delaware law. Under applicable
law, the proposed merger is not subject to the approval of the
remaining outstanding stockholders of NewsEdge.
    The Thomson Corporation (www.thomson.com), with 2000 revenues of
approximately US$6 billion, is a leading, global e-information and
solutions company in the business and professional marketplace. The
Corporation's common shares are listed on the Toronto and London stock
exchanges.

    --30--ck/ny*

    CONTACT:  The Thomson Corporation
              Media:
              Jason C. Stewart, 203/328-8339
              [e-mail]
                   or
              NewsEdge Corp.
              David Scott, 781/229-3000
              [e-mail]
                   or
              Investor:
              The Thomson Corporation
              John Kechejian, 203/328-9470
              [e-mail]
                   or
              NewsEdge Corp.
              Ron Benanto, 781/229-3000
              [e-mail]