Thomson Reuters launches $9 billion share buyback
Thomson Reuters will buy back $9 billion worth of its common stock using the proceeds of the sale of the majority of its Financial and Risk business to Blackstone Group LP, the news and data firm said in a statement on Tuesday.
The company also said it and Blackstone agreed to close the sale on Oct. 1.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.