	instinet inet sets meeting on merger instinet corp said its board has scheduled a special shareholders meeting for may to vote on its proposed merger into reuters holdings plc rtrsy it said shareholders of record as of april will be eligible to vote at the meeting instinet said the meeting date is subject to adjustment based on the length of time needed for the u s securities and exchange commission to complete its review of the filing of merger proxy materials which instinet expects to make before the end of march instinet said the filing of the preliminary merger proxy materials is tied to the finalization of audited financial statements of instinet and reuters for under a merger agreement entered into in november reuters tendered for up to mln instinet common shares or about pct of those not already owned by reuters as a result of the tender reuters now owns about pct of instinet shares in the merger holders of remaining instinet shares will receive dlrs of reuters american depositary shares for each instinet share the ads s will be valued at the average of their closing prices in the trading days before the effective date of the merger instinet said it expects the merger to become effective as soon as possible after shareholder approval at the special meeting reuter 
