US EditionPublished • loading... • Updated
Thomson Reuters Files Documents for Proposed Return of Capital and Share Consolidation Transactions
Thomson Reuters plans a $605 million cash return, about $1.36 per share, followed by a reverse stock split with opt-out rights for certain non-Canadian shareholders.
- Yesterday, Thomson Reuters filed its management proxy circular and related materials on SEDAR+ and EDGAR to seek shareholder approval for the proposed return of capital and share consolidation, scheduling a special meeting on Tuesday, April 28, 2026 at 9:00 a.m. EDT.
- A plan pairs a US$605 million special cash distribution with a proportional share consolidation, setting the reverse stock split ratio using the five-day Nasdaq volume-weighted average price.
- Holders of common shares as of 5:00 p.m. EDT on March 6, 2026 are eligible to vote, the meeting will be webcast, and materials can be picked up free at Computershare offices.
- Eligible Opt‑Out Shareholders can opt out and will not receive the cash distribution, which is 'generally expected to be tax‑free for Canadian tax purposes,' subject to shareholder approval.
- Serving legal, tax, audit, accounting, compliance, government and media clients, Thomson Reuters combines trusted content and technology to inform decisions across industries, highlighting the capital return's broad impact.
Insights by Ground AI
54 Articles
54 Articles
Coverage Details
Total News Sources54
Leaning Left8Leaning Right3Center20Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 26%
C 64%
Factuality
To view factuality data please Upgrade to Premium
