Shareholders Ratify Reuters Proposal To Hike Debt Limit


Shareholders approved Reuters Holdings PLC's proposed extension of its borrowing limits at an extraordinary general meeting last week, although Reuters maintains that it has no immediate acquisition plans.

The move boosts Reuters' borrowing powers from twice to 2.5 times adjusted capital and reserves. Based on Reuters' position at the end of last year, the resolution lifts the company's ceiling on borrowing to 1.02 billion pounds sterling ($1.67 billion) from 816.6 million pounds sterling ($

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