The Toronto-based media conglomerate offered to pay an 11 per cent premium on Pagero’s stock price to acquire the company, topping another bid from U.S. tax technology company Vertex. (The Logic)
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The Toronto-based media conglomerate offered to pay an 11 per cent premium on Pagero’s stock price to acquire the company, topping another bid from U.S. tax technology company Vertex. (The Logic)
Talking point: Thomson Reuters—which is controlled by Canada’s richest family, the Thomsons—has been broadening its business beyond media, focusing on legal, tax and accounting, and compliance and risk services. The company said that if Pagero, which helps digitize and automate accounting processes, accepts its offer, it would help expand Thomson Reuters’s indirect tax offerings. It would also add to its recent string of big acquisitions, which includes its US$650-million purchase of legal AI tech firm Casetext.
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