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Reuters moves in for Hugin
21 Sep 2009News agency and financial information giant Thomson Reuters is buying Hugin, the press release distribution business, from stockmarkets group NYSE Euronext.
Thomson Reuters said the deal would provide its "corporate clients with effective decision-making tools across the investor relations and public relations workflows".
Hugin says it distributes news for 1700 companies across Europe. It is an approved channels for getting news to the London Stock Exchange.
Thomson Reuters was formed by the merger of Reuters, the City information group which has come increasingly under pressure from Bloomberg, with Thomson, its rival Canadian-based business which runs the Extel news wire.
Terms of the takeover of Hugin were not disclosed.
