Shearman & Sterling Advises NASDAQ OMX on Acquisition of Thomson Reuters’ Investor Relations, Public Relations and Multimedia Solutions Businesses

12 Dec 2012

Shearman & Sterling is advising the NASDAQ OMX Group Inc. in its $390 million acquisition of Thomson Reuters’ Investor Relations, Public Relations and Multimedia Solutions businesses.

Thomson Reuters and NASDAQ OMX will begin the information and consultation process with respect to this proposed transaction with all relevant works councils, unions and employee representatives. Upon completion of the employee information and consultation process, NASDAQ OMX expects Thomson Reuters to enter into a definitive purchase and sale agreement in respect of the proposed acquisition. Upon completion of the transaction, these complementary businesses will be integrated into NASDAQ OMX Corporate Solutions. The proposed transaction will be subject to customary regulatory approvals and is expected to close in the first half of 2013.

The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade—from risk management to trade to surveillance to clearing. In the US and Europe, The NASDAQ OMX Group, Inc. owns and operates 24 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products.

NASDAQ OMX Corporate Solutions is one of the leading providers in the industry with innovative products and services that power global business communications for today's forward-thinking public and private companies.

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals, combining industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries.

The Shearman & Sterling team included partners John Marzulli (New York-Mergers & Acquisitions), Guillaume Isautier (Paris-Mergers & Acquisitions), Doreen Lilienfeld (New York-Executive Compensation & Employee Benefits), Richard Hsu (Palo Alto-Intellectual Property Transactions), Lisa Brill (New York-Real Estate), and Larry Bambino (New York-Tax); counsel Ethan Harris (Washington, DC-Tax) and Françoise Even (Paris-Capital Markets); and associates Dorman Yale (New York-Mergers & Acquisitions), Meghan Moore (New York-Mergers & Acquisitions), Derrick Lott (New York-Mergers & Acquisitions), Michael Dockery (New York-Mergers & Acquisitions), Georg Gellißen (Düsseldorf-Mergers & Acquisitions), Tasha Matharu (New York-Executive Compensation & Employee Benefits), Gary Tashjian (New York-Executive Compensation & Employee Benefits), Nell Beekman (New York-Executive Compensation & Employee Benefits), Alykhan Kurji (New York-Intellectual Property Transactions), Zheng Bao (Palo Alto-Intellectual Property Transactions), Jocelyn Bush (New York-Real Estate), Rishard Cooper (New York-Real Estate) and Gerald Feige (Washington, DC-Tax).

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