Skip to main content

Shares in financial data company



soared Tuesday on rumors that the company could be a takeover target.

Reuters jumped 10 1/2, or 12%, to close at 98 3/4 Tuesday.

Companies mentioned in published reports as possible buyers include British media company and

Financial Times


Scroll to Continue

TheStreet Recommends



, closely held


, and

Thomson Financial Services


On Monday, the

Financial Times

reported that Reuters has been building up its defenses against a possible takeover bid, which the company feared because of its laggardly share price. Reuters shares hit a 52-week low of 50 1/2 in November before beginning a slow rebound at the end of last year into January.