Thomson Reuters Plans New $500 Million Share Buyback Program
By Robb M. Stewart
Thomson Reuters is launching a fresh share-buyback program for up to $500 million.
The Canadian news and information provider said Wednesday it plans to repurchase up to 7 million of its shares, roughly 1.6% of the issued and outstanding total, over a one-year period through Nov. 12, 2027.
The new normal course issuer bid has been approved by the Toronto Stock Exchange.
Thomson Reuters in July completed a revised $600 million buyback program that was unveiled in February, repurchasing a total of 6.2 million of its shares.
Controlling shareholder Woodbridge intends to participate proportionally in the new normal course issuer bid. Woodbridge has increased its stake in Thomson Reuters over the last decade, taking it to 70% from 62%, largely thanks to Thomson Reuters' buyback activity.
Thomson Reuters said it will be permitted to buy shares from Woodbridge from Friday under an exemption granted by the Toronto Stock Exchange.
The company's shares have risen 5.3% in the last three months but remain down 15% so far this year, last closing in Toronto at C$153.72. On Nasdaq, the stock has fallen 18% year-to-date, closing Tuesday at $108.41.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
November 11, 2026 07:41 ET (12:41 GMT)
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