ValueAct Capital Management cut its holdings to 58.6 million shares (4.7%) from the 78.9 million (6.2%) it reported owning on Nov. 7.

Upcoming merger

?

Based in London.

Reuters Group PLC provides content and transaction services for financial services marketplace. The company�s Sales and Trading division serves the information, trading, and post-trade connectivity requirements of buy and sell-side customers in the foreign exchange, fixed income, equities, and other exchange traded instruments, and commodities and energy markets. Its Enterprise division offers enterprise information, information management, enterprise connectivity, and trade and risk management. This segment provides Reuters DataScope datafeeds that streams machine-readable price data delivered over its networks at high speed for use in customers� information and trading services; Reuters DataScope pricing and reference data, which help banks and financial organisations achieve regulatory compliance by delivering financial instrument prices and reference material for the capital markets; Reuters Market Data System, a resilient content distribution software platform; Trade and Risk Management systems to help banks to manage their trading position and monitor their exposure to trading risk; and Reuters Messaging, a secure online messaging service that connects financial professionals within and across existing communities of interest. The company�s Research and Asset Management division offers an integrated package of public and proprietary fundamental information of companies along with access to market information and news, research and estimates, company information, foreign exchange pricing and execution, and industry and market views. Its Media division creates, packages, and distributes news and information services to the newspapers, television and cable networks, radio stations, and Web sites, as well as directly to consumers through its digital services across online, mobile, and IPTV platforms. The company was founded in 1851 and is headquartered in London, the United Kingdom.

From Barron's 5-14-07

"The still-unfinished agreement to merge Thomson (ticker: TOC) and London's Reuters (RTRSY) would boost the resulting entity's financial-market sales well ahead of those of Bloomberg, the privately held firm whose huge success allowed founder Michael Bloomberg to take time off to become mayor of New York. A Thomson-Reuters company would get 60% of its revenues from financial customers and enjoy an almost comfortable duopoly with Bloomberg in the market for financial-data workstations...If the $18 billion cash and stock deal comes off, therefore, Thomson-Reuters would have improved data products and greater pricing flexibility. Costs would also drop. The companies have targeted $500 million in post-merger savings, on top of aggressive restructuring campaigns that each already had under way."

2-22-2007
In an amended 13D filing after the close on Reuters Group plc (Nasdaq: RTRSY), ValueAct Capital disclosed a 6.5% stake (88.55 million shares) in the company. This is up from the 5.2% stake (66.3 million shares) the firm disclosed in the original 13D filing earlier in the month.

2-12-2007
In a 13D filing after the close on Friday on Reuters Group plc (Nasdaq: RTRSY), ValueAct Capital disclosed a 5.2% stake (66.3 million shares) in the company. The fund bought over 7 million shares from 12/12-06-02/08-07.

In a pretty standard disclosure the firm said they reserve the right to formulate other plans and/or make other proposals, and take such actions with respect to their investment in the Issuer.

Reuters Group (RTRSY)
ValueAct Capital Management lifted its position to 66,301,212 shares (5.2%) by buying 7,057,763 from Dec. 12, 2006, to Feb. 8, at $8.52 to $8.90 a share.

added 6/02/06 at 42.45

"ValueAct Capital Management reduced its position to 78.9 million shares (6.2%), from 96.4 million (7.7%) on June 1."