Baring Asia, Onex buy Thomson Reuters unit for $3.5b
Baring Private Equity Asia and Canadian buyout firm Onex Corporation have agreed to acquire Thomson Reuters’ Intellectual Property and Science (IP&S) business for $3.5 billion.
According to a statement, the transaction will be funded with an equity investment of $1.6 billion for 100% ownership of IP&S. This will include a $1.2 billion contribution from the Onex Partners IV fund...
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