Thomson Reuters Cleared to Proceed With $605 Million Special Distribution, Reverse Split
By Adriano Marchese
Thomson Reuters received court approval for a special return of capital of $605 million and a go-ahead for a share consolidation.
The Canadian information and technology company said Thursday that the Ontario Superior Court of Justice issued its final order approving the plan of arrangement covering both the cash distribution and the reverse stock split.
The special payout amounts to roughly $1.36 a share, with the final figure to be set once the company determines how many shareholders are participating.
Thomson Reuters also will proceed with a consolidation of its outstanding shares on a proportional basis. The company expects to finalize the distribution amount and the consolidation ratio before the plan of arrangement takes effect on May 4.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 30, 2026 12:29 ET (16:29 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
