Corporate ActionApr 30, 2026, 05:08 PM
TRI Court Approves $605M Return of Capital & Share Consolidation
AI Summary
Thomson Reuters announced that the Ontario Superior Court of Justice has issued a final order approving its plan of arrangement for a return of capital and share consolidation transactions. This follows shareholder approval received on April 28, 2026. The plan includes a special cash distribution of US$605 million in aggregate, or an estimated US$1.36 per common share, alongside a proportional reverse stock split. The transactions are pending final approvals from the TSX and Nasdaq, with an expected effective date of May 4, 2026.
Key Highlights
- Ontario Superior Court of Justice issued final order approving return of capital and share consolidation.
- Shareholders approved the transactions at a special meeting on April 28, 2026.
- Special cash distribution of US$605 million in aggregate to shareholders.
- Estimated cash distribution of approximately US$1.36 per common share.
- Consolidation of outstanding common shares (reverse stock split) proportional to cash distribution.
- Transactions are subject to final approvals from the Toronto Stock Exchange (TSX) and Nasdaq.
- Plan of arrangement expected to become effective at 3:01 a.m. EDT on May 4, 2026.