BREAKING NEWS

BREAKING NEWS

Thomson Reuters launches $9 billion share buyback

Now Reading:

Thomson Reuters launches $9 billion share buyback

Thomson Reuters launches $9 billion share buyback
@ Copyright :
Andrew Kelly(Reuters)
Text size Aa Aa

(Reuters) - Thomson Reuters <TRI.TO> <TRI.N> will buy back $9 billion (£7 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 <BX.N>, 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.

(Reporting by Patrick Graham; editing by Saumyadeb Chakrabarty)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.