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Thomson Reuters Corp - TR Announces Closing of Sale of Refinitiv to LSEG
01/29/2021 | 04:26am EDT
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Thomson Reuters Announces Closing of Sale of Refinitiv to London Stock Exchange Group
TORONTO, Jan. 29, 2021 /PRNewswire/ Thomson Reuters (TSX/NYSE: TRI) today announced that it and private equity funds affiliated with Blackstone have closed the sale of Refinitiv to London Stock Exchange Group plc (LSEG) in an all-share transaction. Refinitiv is Thomson Reuters former Financial & Risk business, a majority interest in which was sold to Blackstone s consortium in October 2018. Thomson Reuters and Blackstone s consortium subsequently agreed to sell Refinitiv to LSEG in August 2019.
January 29, 2021 Thomson Reuters Announces Closing of Sale of Refinitiv to London Stock Exchange Group
TORONTO, January 29, 2021 – Thomson Reuters (TSX/NYSE: TRI) today announced that it and private equity funds affiliated with Blackstone have closed the sale of Refinitiv to London Stock Exchange Group plc (LSEG) in an all-share transaction. Refinitiv is Thomson Reuters former Financial & Risk business, a majority interest in which was sold to Blackstone’s consortium in October 2018. Thomson Reuters and Blackstone’s consortium subsequently agreed to sell Refinitiv to LSEG in August 2019.
As of today’s closing, Thomson Reuters indirectly owns 82.5 million LSEG shares, which have a market value of approximately $9.8 billion based on LSEG’s closing share price on January 28, 2021. Thomson Reuters interest in LSEG shares are held through an entity jointly owned by Blackstone’s consort
Thomson Reuters Corp - Thomson Reuters Announces Annual Renewal of NCIB
PR Newswire
Thomson Reuters Announces Annual Renewal of Normal Course Issuer Bid
TORONTO, Dec. 29, 2020 Thomson Reuters Corporation (TSX / NYSE: TRI) today announced that it has received approval from the Toronto Stock Exchange (TSX) for the annual renewal of its normal course issuer bid (NCIB). Under the renewed NCIB, up to 5 million common shares (which represents approximately 1% of Thomson Reuters issued and outstanding common shares) may be repurchased between January 4, 2021 and January 3, 2022.
Thomson Reuters has set a target to maintain approximately 500 million common shares outstanding by using share repurchases to offset dilution associated with its dividend reinvestment and equity incentive plans. On December 24, 2020, there were 497,117,528 Thomson Reuters common shares outstanding.
Thomson Reuters Announces Annual Renewal of Normal Course Issuer Bid
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TORONTO, Dec. 29, 2020 /PRNewswire/ Thomson Reuters Corporation (TSX /NYSE: TRI) today announced that it has received approval from the Toronto Stock Exchange (TSX) for the annual renewal of its normal course issuer bid (NCIB). Under the renewed NCIB, up to 5 million common shares (which represents approximately 1% of Thomson Reuters issued and outstanding common shares) may be repurchased between January 4, 2021 and January 3, 2022.
Thomson Reuters has set a target to maintain approximately 500 million common shares outstanding by using share repurchases to offset dilution associated with its dividend reinvestment and equity incentive plans. On December 24, 2020, there were 497,117,528 Thomson Reuters common shares outstanding.