Thomson Reuters (TRI) to Sell Healthcare Unit to Veritas for $1.25B

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Thomson Reuters (NYSE: TRI) announces definitive agreement to sell its Healthcare unit to Veritas for $1.25 billion.

The sale is subject to regulatory approval and customary closing conditions, including the expiration or termination of applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act, and is expected to close in the next few months. The sale is not subject to any financing condition. Veritas has obtained debt financing commitments for the transaction.

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