Thomson Reuters Announces $500 Million Share Repurchase Program
Thomson Reuters (TRI) has announced a new normal course issuer bid (NCIB) approved by the Toronto Stock Exchange, authorizing the company to repurchase up to $500 million of its common shares. The program allows for the purchase of up to 7 million shares, representing approximately 1.6% of outstanding stock, between November 13, 2026, and November 12, 2027. The repurchase plan includes a provision allowing Thomson Reuters to buy shares from its controlling shareholder, The Woodbridge Company Limited, on a proportional basis to maintain Woodbridge's approximately 70% ownership stake. This strategy aims to manage the company's float effectively while returning capital to shareholders through share cancellations.
Tickers: $TRI
Topics: capital allocation share repurchase stock buyback program