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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
The Thomson Corporation |
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(Translation of registrants name into English) | ||||
Metro Center, One Station Place Stamford, Connecticut 06902 United States |
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(Address of principal executive office) |
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: [ ] Form 20-F [x] Form 40-F | ||||
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ] | ||||
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ] | ||||
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: [ ] Yes [x] No | ||||
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
The Thomson Corporation | ||
Date: July 2, 2007 | By: |
/s/ Deirdre Stanley |
Name: | Deirdre Stanley | |
Title: | Senior Vice President and General Counsel | |
Exhibit No. | Description | |
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99.1 | News release dated July 2, 2007 - The Thomson Corporation to Sell Prometric to ETS | |
EXHIBIT 99.1
The Thomson Corporation Metro Center, One Station Place Stamford, CT 06902 Tel (203) 539-8000 www.thomson.com |
[THOMSON LOGO] |
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News Release
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Media Contact:
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Investor Contact: | |
Jason Stewart Vice President, Media Relations (203) 539-8339 jason.stewart@thomson.com |
Frank J. Golden Vice President, Investor Relations (203) 539-8470 frank.golden@thomson.com |
FOR IMMEDIATE RELEASE
The Thomson Corporation to Sell Prometric to ETS
(All amounts are in U.S. dollars)
STAMFORD, Conn., July 2, 2007 The Thomson Corporation (NYSE: TOC; TSX: TOC), a leading provider of information solutions to business and professional customers worldwide, today announced that it has signed a definitive agreement under which ETS, the worlds leading educational measurement and research organization, will purchase Thomson Prometric for $435 million. The purchase price includes $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. The transaction is expected to close in the third quarter of this year and is subject to regulatory approvals and other customary closing conditions.
Thomson Prometric is the recognized global leader in technology-enabled assessment services, providing paper-and-pencil, Internet and computer-based testing solutions. It offers a fully integrated testing system that includes test development, test delivery and data management capabilities. On behalf of more than 400 clients in the academic, professional, government, corporate and information technology markets, Thomson Prometric develops and/or delivers assessments through a global network of testing centers in 132 countries as well as direct to candidates via the Internet.
This sale is part of Thomsons previously announced strategy to sell the assets of its Learning business via three independent sales processes to enable Thomson to pursue opportunities better aligned with its growth strategy and business model.
Deutsche Bank Securities Inc. is 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 Corporations common shares are listed on the New York and Toronto stock exchanges
(NYSE: TOC; TSX: TOC).
This news release includes forward-looking statements, such as the Corporations beliefs and expectations that the sale of Thomson Prometric will close in the third quarter. These statements are based on certain assumptions and reflect the Corporations current expectations. No assurance can be given that the sale will be completed within the time period specified in this release, or at all. All forward-looking statements in this news release are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of the factors that could cause actual results to differ materially from current expectations include the need to obtain regulatory approvals and satisfy conditions to closing. Additional factors are discussed in the Corporations materials filed with the securities regulatory authorities in Canada and the United States from time to time, including the Corporations latest annual information form, which is also contained in its most recently filed annual report on Form 40-F. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.