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- Thomson Reuters Announces Share Consolidation Ratio for Return of Capital Transaction
Thomson Reuters Announces Share Consolidation Ratio for Return of Capital Transaction
Shares to Begin Trading Tomorrow on the TSX and NYSE on a Postconsolidated Basis
Return of Capital Transaction Includes Distribution of $4.45 in Cash Per Common Share, or About $2.3B in the Aggregate
Return of Capital Transaction Also Includes Consolidation of Outstanding Common Shares (or Reverse Stock Split) at a Ratio of 1 Preconsolidated Share for 0.9079 Postconsolidated Share
Following the Return of Capital Transaction, the Company Will Have Returned Approximately $9.8 Billion of Deal Proceeds
Company Plans to Complete the Return of Proceeds Later This Year Through the Repurchase of Approximately $200 Million of Its Shares Under Its Normal Course Issuer Bid
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