Thomson Reuters Announces $1 Bln Share Buyback Program - Quick Facts

(RTTNews) - Thomson Reuters (TRI, TRI.TO) announced the company plans to buy back up to an additional $1 billion of its shares under a new repurchase program. The buyback program is in addition to the $500 million repurchase program that the company announced in May 2018.

The company said the repurchases under the combined $1.5 billion buyback programs would allow the company to reduce the size of a contemplated $9-10 billion substantial issuer bid/tender offer that Thomson Reuters plans to make to all shareholders in connection with the sale of a 55% interest in the Financial & Risk business.

Thomson Reuters has repurchased approximately $231 million of shares since resuming buybacks in May.