Thomson Completes Sale of Thomson Prometric
STAMFORD, Conn., Oct. 15 /PRNewswire-FirstCall/ -- The Thomson Corporation (NYSE: TOC; TSX: TOC), a leading provider of information solutions to business and professional customers worldwide, today reported that it has completed the sale of Thomson Prometric to Educational Testing Service (ETS), the world's largest educational research and assessment organization, for approximately $435 million. The purchase price includes approximately $310 million in cash plus $125 million to be paid through a promissory note due in 2014, and is subject to certain post-closing adjustments. In July 2007, Thomson announced it had entered into a definitive agreement with ETS.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020227/NYW014LOGO )
Deutsche Bank Securities Inc. acted as the financial advisor to Thomson for the Prometric sale.
The Thomson Corporation
The Thomson Corporation (www.thomson.com) is a global leader in providing essential electronic workflow solutions to business and professional customers. With operational headquarters in Stamford, Conn., Thomson provides value-added information, software tools and applications to professionals in the fields of law, tax, accounting, financial services, scientific research and healthcare. The Corporation's common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
Media Contact: Investor Contact:
Fred Hawrysh Frank J. Golden
Global Director, Vice President,
External Communications Investor Relations
(203) 539-8314 (203) 539-8470
fred.hawrysh@thomson.com frank.golden@thomson.com
SOURCE The Thomson Corporation
-0- 10/15/2007
/CONTACT: Media: Fred Hawrysh, Global Director, External Communications,
+1-203-539-8314, fred.hawrysh@thomson.com, or Investors: Frank J. Golden, Vice
President, Investor Relations, +1-203-539-8470, frank.golden@thomson.com, both
of The Thomson Corporation/
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/Web site: http://www.thomson.com/
(TOC TOC.)
CO: The Thomson Corporation; Thomson Prometric; ETS; Educational Testing
Service
ST: Connecticut
IN: FIN PUB
SU: TNM
JD-CF
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8088 10/15/2007 07:55 EDT http://www.prnewswire.com