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Thomson Confirms Interest in Reuters

The Canadian company says it may or may not make a buyout offer.
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Thomson Corp.

(TOC)

confirmed that it made a "preliminary approach" to

Reuters Group

TheStreet Recommends

(RTRSY)

about a potential buyout deal.

In a short statement late Monday, Thomson said the overture may or may not lead to an offer being made for the British media outfit.

Thomson, a Canada-based provider of financial information, said a further announcement will be made "in due course."

On Friday, shares of Reuters soared 25% after the company said it received a takeover approach from an unnamed suitor. The media and Wall Street, however, were quick to jump on Thomson as the likely bidder.