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Name | Symbol | Market | Type |
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Hsbc Bk. 21 | LSE:11PT | London | Medium Term Loan |
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RNS Number:6517J Thomson Corporation 7 September 2001 ( BW)(THOMSON-CORP)(TOC.TO) The Thomson Corporation Sells Interest in Newsprint Mill Business Editors TORONTO--(BUSINESS WIRE)--Sept. 7, 2001--The Thomson Corporation (TSE:TOC) today announced that it has sold its 50 percent interest in the Augusta Newsprint Company to The Woodbridge Company Limited, the holding company of the Thomson family, for US$190 million. The Thomson Corporation obtained a 50 percent interest in the Georgia paper mill in 1981. The Corporation's partner in the mill, Abitibi-Consolidated Inc., will maintain its 50 percent ownership stake. The sale of the Corporation's interest in the newsprint company follows the decision by Thomson to exit the newspaper business in 2000. BMO Nesbitt Burns was retained by Thomson as financial advisor on the transaction and provided an opinion that the consideration received on the transaction was fair to The Thomson Corporation. About The Thomson Corporation The Thomson Corporation (www.thomson.com), with 2000 revenues of approximately U.S. $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--sdg/ny* CONTACT: Investor Contact: The Thomson Corporation John Kechejian 203/328-9470 john.kechejian@thomson.com or Media Contact: The Thomson Corporation Jason Stewart 203/328-8339 jason.stewart@thomson.com
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