BRIEF-Onex and Baring Asia to acquire Thomson Reuters' Intellectual Property & Science business for $3.55 bln

Mon Jul 11, 2016 6:42am EDT
 
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July 11 (Reuters) - Onex Corp

* Onex and Baring Asia to acquire Thomson Reuters' Intellectual Property & Science business for $3.55 billion

* Transaction is expected to be funded with an equity investment of approximately $1.6 billion for 100% ownership of IP&S

* Onex' portion of equity investment will be made by Onex Partners IV and certain limited partners as co-investors, including Onex

* Latham & Watkins Llp is serving as legal advisor to Onex and Baring Asia on transaction

* Onex' portion of equity investment approximately $1.2 billion Source text for Eikon: Further company coverage: