Corporate ActionMay 4, 2026, 06:07 AM
Thomson Reuters to Distribute $1.435518/Share; Consolidates Shares
AI Summary
Thomson Reuters announced a cash distribution of US$1.435518 per common share, totaling US$605 million, alongside a share consolidation at a ratio of 1 pre-consolidated share for 0.984560 post-consolidated shares. These transactions, which have received requisite approvals, will be effective at 3:01 a.m. (Toronto time) on May 4, 2026. The company's common shares will begin trading on a post-consolidated basis on the Toronto Stock Exchange and Nasdaq when markets open on May 4, 2026.
Key Highlights
- Cash distribution of US$1.435518 per common share.
- Total cash distribution aggregates to US$605 million.
- Share consolidation ratio of 1 pre-consolidated share for 0.984560 post-consolidated shares.
- Transactions are effective May 4, 2026, at 3:01 a.m. Toronto time.
- Shares will begin trading on a post-consolidated basis on May 4, 2026.
- New CUSIP number is 884903881 and ISIN is CA8849038812.
- Fractional shares will not be issued; shareholders will receive cash value.
Price Impact
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