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Thomson Reuters Corporation (NYSE: TRI) provides professionals and investors with critical updates through this comprehensive news hub. Track official press releases, strategic initiatives, and market developments from the global leader in legal technology, tax solutions, and trusted business intelligence.
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All content is curated to meet the needs of stakeholders requiring accurate information about TRI's market position and technological innovations. The collection spans financial disclosures, Reuters journalism milestones, and enterprise solution updates that impact legal, tax, and corporate sectors globally.
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On April 26, 2023, Thomson Reuters (NYSE/TSX: TRI) filed its management proxy circular for the upcoming annual meeting, where shareholders will vote on a proposed return of capital transaction. This transaction involves a cash distribution of US$4.67 per common share, totaling around US$2.2 billion, and a share consolidation (reverse stock split) based on the share's trading price. The distribution is generally expected to be tax-free for Canadian shareholders, with an opt-out option available for shareholders in other jurisdictions to potentially avoid unfavorable tax consequences. The shareholder meeting is scheduled for June 14, 2023, at 12:00 p.m. EDT, and will be webcasted. Shareholders as of April 21, 2023, are entitled to vote.
TPG has signed an agreement to acquire a majority stake in Elite from Thomson Reuters for approximately
Thomson Reuters will retain a minority stake and board representation, continuing its strategic support. The transaction is anticipated to close in Q2 2023, pending regulatory approvals.
Thomson Reuters (TSX/NYSE: TRI) announced a plan to return approximately US$2.2 billion to shareholders through a cash distribution of US$4.67 per common share and a share consolidation. This comes from gross proceeds linked to the sale of shares in the London Stock Exchange Group. Shareholders will vote on this proposal at the annual meeting on June 14, 2023, with a two-thirds majority required for approval. The transaction is expected to conclude by the end of June and is primarily tax-free for Canadian residents. Non-Canadian residents can opt out, maintaining their shares, to potentially avoid tax implications.
Thomson Reuters (NYSE, TSX: TRI) will release its first-quarter 2023 earnings on May 2, 2023. A conference call and webcast will follow on the same day at 9:00 a.m. EDT, hosted by CEO Steve Hasker and CFO Mike Eastwood. This event is expected to cover forward-looking information relevant to the company's performance. Investors can register for the webcast via the Investor Relations section on the Thomson Reuters website. The company is recognized for providing essential information and technology for professionals across various sectors, including legal, tax, and media.
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