Reuters Group PLC (NDAQ:RTRSY) shares moved up $15.08, or 25.59%, to $74 after the company confirmed a possible takeover bid. The Globe and Mail newspaper in Canada identified the bidder as Thomson Corporation - a private financial data provider.

Chief Executive Officer Tom Glocer said he could say very little about the approach, except that his company was considering the proposal and the board would be guided by what is in the best interest of Reuters and its stakeholders and employees.

What is the current offer? Well, The Financial Times reported on its website today that an unidentified "usually knowledgeable source" said that Thomson had offered 600 pence ($11.94) per share for the company, valuing it at $15 billion. However, Reuters is reportedly only considering offers above 750 pence. Currently, shares of the company are trading around 615 pence - or $12.24 per share - above the reported buyout bid.

This is definitely a situation to watch as the financial news and information businesses continue to receive bids. The Wall Street Journal bid is reportedly being rejected while Reuters is also reportedly holding out for more. Obviously, management and investors believe that businesses in this sector are undervalued and worth more. Either way, RTRSY is definitely an ADR worth watching!