11PT Hsbc Bk. 21

RNS Number:8157I
Thomson Corporation
21 August 2001


( BW)(THOMSON-CORPORATION/NEWSEDGE)(TOC.TO)(NEWZ) The Thomson

Corporation Announces Commencement of Cash Tender Offer for NewsEdge

Corporation



    Business Editors



    TORONTO--(BUSINESS WIRE)--Aug. 21, 2001--The Thomson Corporation

(TSE:TOC) announced today that its indirect wholly owned subsidiary,

InfoBlade Acquisition Corporation (InfoBlade), has commenced a cash

tender offer for all of the issued and outstanding shares of NewsEdge

Corporation (Nasdaq:NEWZ) common stock.

    The cash tender offer is being made in connection with the

proposed merger of InfoBlade and NewsEdge pursuant to an Agreement and

Plan of Merger dated as of August 6, 2001 among Thomson, InfoBlade and

NewsEdge. In accordance with the Merger Agreement, InfoBlade today has

commenced a cash tender offer for all of the issued and outstanding

shares of NewsEdge common stock at a price of US$2.30 per share. If

the proposed merger is consummated, NewsEdge will become an indirect

wholly owned subsidiary of Thomson. The NewsEdge board of directors

has unanimously voted to recommend that NewsEdge stockholders accept

the cash tender offer.

    The cash tender offer is subject to the tender of at least a

majority of NewsEdge shares and other customary conditions. The cash

tender offer and withdrawal rights will expire at 12:00 Midnight

(E.D.T.), on September 18, 2001, unless extended.

    InfoBlade and Thomson are mailing today to registered holders of

NewsEdge shares an Offer to Purchase regarding the cash tender offer,

the NewsEdge Solicitation/ Recommendation Statement on Schedule 14D-9,

and a Letter of Transmittal to be used to tender NewsEdge shares in

the cash tender offer. Beneficial owners of NewsEdge holding shares in

"street name" through their brokers may receive the Offer to Purchase

and Letter of Transmittal through the Information Agent, Innisfree M&A

Incorporated, by calling toll free 888/750-5834. The Depositary for

the cash tender offer is Computershare Trust Company of New York.

    This news release is for informational purposes only. It does not

constitute an offer to purchase shares of NewsEdge or a

Solicitation/Recommendation Statement under the rules and regulations

of the Securities and Exchange Commission. Thomson has filed with the

Securities and Exchange Commission a Tender Offer Statement on

Schedule TO and NewsEdge has filed a Solicitation/Recommendation

Statement on Schedule 14D-9. These documents contain important

information and security holders of NewsEdge are advised to carefully

read these documents before making any decision with respect to the

cash tender offer. These documents may be obtained free at the

Securities and Exchange Commission's website at www.sec.gov. Persons

with questions regarding the offer should contact the Information

Agent at 888/750-5834.



    About The Thomson Corporation



    The Thomson Corporation, with 2000 revenues of approximately

US$6 billion, is a leading global e-information and solutions company

in the business and professional marketplace. The Corporation's common

shares are listed on the Toronto and London stock exchanges. For more

information, visit The Thomson Corporation at www.thomson.com.



    --30--BP/ny*



    CONTACT: The Thomson Corporation, Toronto

             Media Contact

             Jason Stewart, 203/328-8339

             jason.stewart@thomson.com

             or

             NewsEdge Corp.

             David Scott, 781/229-3000

             david.scott@newsedge.com

             or

             Investor Contact

             The Thomson Corporation

             John Kechejian, 203/328-9470

             john.kechejian@thomson.com

             or

             NewsEdge Corp.

             Ron Benanto, 781/229-3000

             ron.benanto@newsedge.com

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