Thomson Reuters launches return of $2.2B to stockholders

Thomson Reuters (TRI) finalized its planned uses of its approximate $2.3B of gross proceeds related to dispositions of shares in London Stock Exchange Group co-owned by the company and certain investment funds affiliated with Blackstone (BX) completed thus far in 2023. As previously disclosed in February , the company plans to use the gross proceeds related to the LSEG transactions to provide returns to shareholders. In connection therewith, approximately $2.2B will be returned to shareholders through a return of capital transaction consisting of a cash distribution of $4.67 per common share and a share consolidation, or "reverse stock split", which will reduce the number of outstanding common shares on a basis that is proportional to the cash distribution.