Financial Times FT.com

Reuters unions question Thomson bid

By Andrew Edgecliffe-Johnson, Media Editor

Published: May 14 2007 23:07 | Last updated: May 14 2007 23:07

Unions representing Reuters staff in the UK, US and Canada have expressed “deep concerns” about Thomson’s £8bn bid in a letter to the Reuters Founders Share Company, the body which could decide whether the bid succeeds.

The influential group, chaired by Swedish industrialist Pehr Gyllenhammar, is expected to meet this week. Although Mr Gyllenhammar has said its “golden share” in Reuters is “not a poison pill”, it could block any bid it considers would jeopardise the integrity and independence of the company’s news wire service.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this