• 11 May 2007 at 10:20 AM
  • Reuters

Thomson has two fewer units to play with

Before the $17.6bn Thomson/Reuters nuptial, the groom (Thomson) is going on a serious diet. Thomson announced that it plans to shed its education and career divisions to Apax and Omers Capital for $7.5bn, simply by not eating carbs. Morgan Stanley and RBC advised Thomson and Evercore and Atlas advised Apax and Omers, with financing provided by RBS, JPMorgan, Citi, UBS, BYOB and RBC. Goldman gets shut out!
Thomson sells education unit for $7.75-billion [Globe & Mail]