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 30.4 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 acquisition, 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 67 pct of the common stock pending completion of a Reuters review of the company. Sharp operates 38 offices in 20 countries. In 1986 it reported revenue of 55 mln Canadian dlrs with a pretax loss of 1.6 mln compared with a 1.9 mln profit in 1985. However, Sharp said that internal accounts showed the company was in profit in the first two months of 1987. End-1986 net assets totalled 11.85 mln dlrs. A Reuters statement said the acquisition would fit perfectly into its package for the banking and securities industries.