	reuters to buy i p sharp of canada reuters holdings plc rtrs l said it had agreed in principle to buy i p sharp associates ltd of toronto for mln stg sharp is a time sharing network and database company specialising in finance economics energy and aviation it operates a global packet switching network and global limits systems for foreign exchange trading sharp shareholders will be offered cash shares or a mixture of the two in settlement the uisition which is subject to canadian government approval would be through amalgamation into a specially created company reuters said it had been given options by a number of sharp shareholders covering pct of the common stock pending completion of a reuters review of the company sharp operates offices in countries in it reported revenue of mln canadian dlrs with a pretax loss of mln compared with a mln profit in however sharp said that internal accounts showed the company was in profit in the first two months of end net assets totalled mln dlrs a reuters statement said the uisition would fit perfectly into its package for the banking and securities industries reuter 
