Thomson Addresses Grass Valley Divestiture Via Letter From Senior VP

Below is a letter from Jeff Rosica, senior vice president, Grass Valley Business Division:

After the recent public announcement by Thomson on its intentions to sell the Grass Valley business, I wanted to take this opportunity to brief you as fully as possible today.

The underlying decision to divest parts of the Thomson portfolio, including the Grass Valley business division, was strictly one of redirecting and focusing Thomson’s strategic direction.

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