Nasdaq OMX Group Inc said on Wednesday it would purchase the investor relations, public relations, and multimedia solutions units of Thomson Reuters Corp for $390 million in cash to build its portfolio of products and services that do not depend on trading to generate revenue.The transatlantic exchange operator said the deal would add to its earnings within the first 12 months, excluding transaction-related costs, and would generate "attractive returns" on capital.Nasdaq said the Thomson Reuters units, which provide insight, analytics and communications solutions to more than 7,000 clients worldwide, will be integrated into Nasdaq OMX Corporate Solutions."In one acquisition, we accelerate and achieve our Corporate Solutions long-term objectives, while maintaining our balanced strategy of delivering value to shareholders," Bob Greifeld, Nasdaq's chief executive, said in a statement.
The NASDAQ OMX Group, Inc. (NASDAQ OMX) is a holding company. Shares of NDAQ remained unchanged at $23.56. In the past year, the shares have traded as low as $21.03 and as high as $27.34. On average, 1265880 shares of NDAQ exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $28.66. In the past year, the shares have traded as low as $25.28 and as high as $30.66. On average, 815731 shares of TRI exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $28.28. In the past year, the shares have traded as low as $26.10 and as high as $30.25. On average, 936756 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 0.
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