Thomson Reuters Announces New US$600 Million Share Repurchase Program and US$605 Million Return of Capital and Share Consolidation Transactions
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Information
Up to US$600 million of shares to be repurchased pursuant to amended normal course issuer bidUS$605 million return of capital and share consolidation expected to be completed in MayTORONTO, Feb. 25, 2026 /CNW/ -- Thomson
Original sourceAI Summary
Thomson Reuters has unveiled a US$600 million share repurchase program along with a US$605 million return of capital to enhance shareholder value. The moves are expected to bolster stock performance, subject to shareholder approval in April 2026.
Sentiment Rationale
Fundamentally, share repurchase plans generally signal confidence in future performance, often leading to a positive market reaction. For instance, the previous buyback program significantly reduced the share count, ultimately supporting higher share prices.
Trading Thesis
Consider buying TRI shares on any price dip ahead of the capital return.
Market-Moving
- Upcoming shareholder vote on return of capital is critical for execution.
- Expected return of $1.36 per share could drive share price higher.
- Favorable market conditions may accelerate the repurchase of shares.
- Share consolidation could reduce share count and boost per-share metrics.
Key Facts
- Thomson Reuters announces a $600 million share repurchase plan.
- A return of capital transaction of $605 million is set for May.
- Share purchases limited to approximately 91,026 shares daily under new NCIB.
- Share consolidation expected alongside the capital return; $1.36 per share.
- Special shareholder meeting scheduled for April 28, 2026, to approve plans.
Companies Mentioned
- London Stock Exchange Group (LON:LSEG): Sale of LSEG shares partially funds the return of capital.
Corporate Developments
This news fits under Corporate Developments as it pertains to strategic financial maneuvers aimed at enhancing shareholder value during an ongoing NCIB.