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.
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
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.
would be willing to explore a structure similar to that historically used by Reuters PLC
, according to people close to News Corp.
. (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.