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Hsbc Bk. 21 | LSE:11PT | London | Medium Term Loan |
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RNS Number:6328B Thomson Corporation 4 April 2001 ( BW)(THOMSON-CORPORATION)(TOC.TO) Woodbridge Acquires Jane's Information Group From Thomson Business Editors TORONTO--(BUSINESS WIRE)--April 4, 2001--The Thomson Corporation (TSE:TOC) today announced that Jane's Information Group has been acquired by a subsidiary of The Woodbridge Company Limited, the holding company of the Thomson family, for US$110 million. Richard J. Harrington, president and chief executive officer of The Thomson Corporation said, "Jane's is an excellent business with strong brand equity and a highly loyal customer base. However, it falls outside our focus of being a leading e-information and solutions provider to the legal, financial, learning, scientific and healthcare markets." Jane's specializes in the collection, analysis, evaluation and distribution of information in the defense, transport and law enforcement sectors, supplying industry, government and military globally. Alfred Rolington, chief executive officer of Jane's Information Group said, "This is a very exciting time for Jane's. We have spent many fruitful years as part of The Thomson Corporation. This move will allow Jane's to continue its success and also push forward into fulfilling its ambitions within the global information and intelligence services market." UBS Warburg was retained by Thomson as financial advisor and provided an opinion to the Thomson board of directors as to the fairness of the transaction to Thomson from a financial point of view. The Thomson Corporation (www.thomson.com), with 2000 revenues of approximately US$6.0 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--jgm/ny* CONTACT: The Thomson Corporation Investor Contact: John Kechejian, 203/328-9470 john.kechejian@thomson.com Media Contact: Jason Stewart, 203/328-8339 jason.stewart@thomson.com or For Jane's Claire Brunavs, +44 (0)20 8700 3703 Claire.brunavs@janes.co.uk
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