Thomson Reuters to buy Hugin, terms undisclosed

Thomson Reuters said on Monday it has agreed to buy from NYSE Euronext the Oslo-based Hugin Group, a company which distributes news releases for companies in Europe.

Terms were not disclosed. Thomson Reuters said in a statement the acquisition was part of a strategy of providing corporate clients with investor relations and public relations services.

"As part of the agreement, Thomson Reuters and NYSE Euronext will expand their strategic partnership toward offering value-added services to the issuer community," Thomson Reuters said.