NASDAQ OMX (NASDAQ:NDAQ) has reached agreement to acquire several Thomson Reuters' (NYSE:TRI) corporate services units, NASDAQ announced Wednesday. The stock exchange operator has made a binding offer to acquire the latter's investor relations, public relations, and multimedia solutions businesses for $390 million in cash.

The assets will be added to NASDAQ's Corporate Solutions unit. They will add 7,000 clients in these areas to NASDAQ's current 3,000.

NASDAQ said the acquisition is expected to be accretive to earnings within the first 12 months after completion, save for transaction-related costs, which it did not lay out in its press release. NASDAQ anticipates it will "generate attractive returns on capital."

The transaction, which is expected to close in the first half of next year, is subject to approval from regulatory bodies.


This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.