Thomson Buys Its Way Onto A-List With Primark
MANAGEMENT INFRASTRUCTURE
TORONTO--Thomson Financial made good on its threat to buy its way onto the A-list of financial services vendors by announcing its plans to acquire Primark for $842 million in cash and assuming its debt load of $235 million. And Thomson Financial president Pat Tierney says the Primark deal will not be the last of its kind.
The combined entity will have more than 10,000 employees and over $2 billion in revenue. More importantly, the Primark acquisition greatly expands Thomson’s presence in Europe
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