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Thomson Reuters 'to use cash' for acquisitions - report

Bosses of Thomson Reuters apparently have told analysts that they will be using cash primarily to invest in the business and to make acquisitions, The Times said on Saturday.

The professional division, supplying information to lawyers and accountants, was a priority, the newspaper said under the headline “Rumour of the day”.

“This potentially leaves the door open to acquiring Wolters Kluwer,” UBS said, The Times reported.

Wolters Kluwer is a Dutch information services and publishing company based in Amsterdam. It employs 19,500 people worldwide and in 2007 had revenues of €3.4 billion. ■

The Times