Help about two phrases

[vincent829]

Reuters has sailed on serenely, pegged to the terms of a cash-and-share deal the chief executive agreed with Thomson of Candada back in May.

Can someone explain the meaning of the phrases with bule? Thanks

[Anglika]

Welcome to the forums.

"sailed on serenely" = metaphor saying that Reuters has not had to alter its way of doing things.

"pegged to the terms" = the terms of the deal agreed are fixed/unchangeable.

[vincent829]

Welcome to the forums.

"sailed on serenely" = metaphor saying that Reuters has not had to alter its way of doing things.

"pegged to the terms" = the terms of the deal agreed are fixed/unchangeable.

Thank you for ur propmt and accurate reply.