Thomson Reuters, the financial information provider, says it hasagreed to acquire Sabrix, a San Ramon, Calif.-based company thatprovides transaction tax solutions to corporations. Thomson did notdisclose the terms of the transaction.

Thomson says that when the deal closes, which is expected tooccur in December, the 160 employees of Sabrix will become part ofThomson's tax and accounting department. In its statement, Thomsonnotes that Sabrix covers tax rates and rules for 170 countries andsays the acquisition will help Thomson provide a comprehensivetransaction tax solution for companies, especially multinationalcompanies.

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