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Tay began his career with Reuters plc where he held roles in sales, marketing and business development over a ten-year period.
Thomson Reuters Plc shareholders will receive one share in Thomson Reuters Corp.
and Thomson Reuters PLC, thanks to the Toronto Stock Exchange (TSX).
Of that approximately $9.3 billion in cash and approximately $8.6 billion of stock in a new entity called Thomson Reuters plc that will become Reuters' holding company.
So Pete, we salute you -o welcome back as chief executive of Reuters plc.
Reuters Plc reported that third-quarter revenue for its Instinet electronic trading system grew 9% to 129m pounds ($213m).
But Dean Witter analyst Jim Dougherty counters: "I never met a CEO who felt his company wasn't undervalued." In fact, Dougherty concludes in a recent research report, Dow Jones may actually be overvalued: Based on 1995 earnings estimates, the company trades at a multiple premium to Gannett, Tribune Co., Knight-Ridder, and Britain's Reuters plc. The latter derives all its revenues from global electronic financial news and transaction services, Dougherty says.
began trading on the New York Stock Exchange and the Toronto Stock Exchange as "TRI." Thomson Reuters PLC ordinary shares began trading on the London Stock Exchange under the symbol "TRIL."
would be willing to explore a structure similar to that historically used by Reuters PLC, according to people close to News Corp.
Reuters plc. (London) subsidiary Instinet (New York) has completed its merger with Island ECN (New York), an electronic securities trading service that handles approximately one in every five trades in NASDAQ securities.