TORONTO, September 27, 2001 – The Thomson Corporation (TSE: TOC) announced today that it has completed the acquisition of NewsEdge Corporation.
The tender offer expired, as scheduled, at 12:00 midnight (EDT) on Tuesday, September 25, 2001. 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approximately 95% of the issued and outstanding shares of NewsEdge common stock) had been validly tendered and not withdrawn.
NewsEdge is a US million provider of real-time news and information products and services to approximately 1,500 corporations and professional service firms worldwide. NewsEdge combines proprietary technology, content and specialized editorial processes to deliver tailored information and decision-support solutions to knowledge workers through its information products and content solutions.
About The Thomson Corporation
The Thomson Corporation (www.thomson.com), with 2000 revenues of approximately US 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.
NewsEdge is a global provider of content solutions for business. Its customers include both content creators and the operators of the world’s most active Web sites. NewsEdge offers technology and services for its customers to create, manage and deploy content for millions of end-users through enterprise sites, portals, publisher Web sites and distribution channels. NewsEdge services make organizations smarter, attract specialized audiences, foster high-frequency usage, promote Web site “stickiness” and ultimately cultivate commerce. NewsEdge serves thousands of sites and companies with highly targeted content solutions from the NewsEdge RefineryÔ, including industry-specific topics, wireless services, turn-key permission marketing and publishing tools, outsourced editorial capabilities and sub-second live news feeds and applications. The NewsEdge Refinery combines a patented combination of sophisticated technology and human editorial review to deliver highly targeted news on more than 2,000 business topics from more than 2,000 sources. NewsEdge is headquartered in Burlington, Mass., with offices and distributors throughout North America, South America, Europe, Japan and the Middle East.
For more information about NewsEdge, visit http://www.NewsEdge.com
The Thomson CorporationToronto Dominion Bank Tower, Suite 2706PO Box 24, Toronto-Dominion CentreToronto, Ontario M5K 1A1Tel (416) 360-8700 Fax (416) 360-8812
Vice President, Investor Relations
The Thomson Corporation
Vice President, Chief Financial Officer
Jason C. Stewart
Director, Public Relations
The Thomson Corporation
Vice President, Marketing
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