BRUSSELS, Belgium - Thomson Corp.'s $17.2 billion offer for news and information company Reuters Group PLC will face an in-depth inquiry by EU antitrust regulators, the European Commission said Monday.
The EU's executive arm said that its initial investigation raised "serious doubts as regards adverse effects on competition in several markets of the financial information sector." Thomson's 8.7 billion pound bid for Reuters would cut the number of major companies selling information and trading systems to the financial services industry from three - Reuters, Thomson and privately owned Bloomberg LP - to just two.
The Commission has until Feb. 25 to decide whether to clear …
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