Slaughter and May leads a group of law firms advising Reuters in its merger talks with the Canadian financial data company Thomson, valued at $17.6bn (£8.8bn), Legal Week reports.
Partner Nigel Boardman is leading the team advising Reuters, which this morning (8 May) confirmed it had received a takeover bid from Thomson. If successful, the deal would create the world’s biggest news and financial data company.
Davies Ward Phillips & Vineberg Toronto partner William Ainley is advising the news group from the Canadian side, while Clifford Chance partner Alex Nourry and Weil Gotshal & Manges have been brought in to advise on competition aspects.
Allen & Overy corporate partner David Wootton is leading the team advising Thomson in the City, alongside Canadian leader Torys. Shearman & Sterling is advising the group on US antitrust issues.
If the deal goes ahead, the new company will be called Thomson-Reuters, while the combined Thomson Financial unit and Reuters financial and media businesses would retain the Reuters tag. Reuters chief executive Tom Glocer will become chief executive of the dual-listed entity.