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Thomson Reuters Corp. (TRI, TRI.T) will sell its

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timhyma Member Level Grandfathered Member Wednesday, 05/02/12 08:58:55 PM
Re: unEZ2 post# 81006
Post # of 113039 
Thomson Reuters Corp. (TRI, TRI.T) will sell its health-care business to private-equity firm Veritas Capital for $1.25 billion in an all-cash deal that will help the data and analytics provider focus more on its struggling core financial-markets business.

Thomson Reuters booked a $3.01 billion write-down of goodwill based on the division's performance.

So- they sold $1.25bil of assets, and booked $3bil in goodwill to show a "Overall, Thomson Reuters reported a profit of $314 million, or 38 cents a share"

Threw away $4bil, to show a $0.3bil profit- and still has $6bil of debt.

What do you see????

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Big Board plays: #board-711
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