News Agency for Sale - All Offers Over One Billion Pounds

Article Abstract:

Reuters, a news-wire agency, is indirectly owned by British and Australian newspapers. The owners are eager to go public. Tentative sale of shares is set for the middle of 1984. The floatation of Reuters will be one of the largest share offerings ever in Great Britain. The group who stands to make the largest gains are Britain's press barons. An 'agreement of trust' to ensure the integrity of Reuters as an independent news agency was advised in 1941. It is feared that the sale will eliminate news integrity and quality.

Periodicals

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Where Eagle Dares

Article Abstract:

VG Instruments will go public in December 1983. The high technology company is a subsidiary of Grovewood Securities, and part of the Eagle Star Insurance Group. VG Instrument's scientific equipment leads market share in most of its product lines. Money raised from the stock issue will go to Grovewood. Grovewood is under a takeover battle between West German Allianz group and BAT Industries of Great Britain.

Mergers, acquisitions and divestments, Technology

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Reuters Plans To Sell Itself

Article Abstract:

The Reuters News Agency will make a public offering of seventy per cent of its company. There will be a limit on the number of shares owned by one owner. Reuters' electronic business-information services have added to its recent growth.

International aspects, Newspapers

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