Thomson Reuters Announces Sale Of 17.3M London Stock Exchange Group Shares At A Price Of £91.50 Per Share

5/15/24 8:19:57 AM ET

Publishing

Consumer Discretionary

Get the next $TRI alert in real time by email

Thomson Reuters (NYSE:TRI) announced today that it and certain investment funds affiliated with Blackstone collectively sold 17.3 million London Stock Exchange Group PLC (LSEG) shares that they co-own for a price of £91.50 per share. The sale was conducted through a placement to institutional investors and an offer to retail investors. Following the settlement of the transaction, Thomson Reuters will no longer hold any interest in LSEG.

Of the shares sold, approximately 4.3 million shares were indirectly owned by Thomson Reuters. Upon the closing of the transaction, Thomson Reuters expects to receive pre-tax net proceeds of approximately $0.5 billion.

Get the next $TRI alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$TRI

Date	Price Target	Rating	Analyst
9/9/2024		Sector Perform → Outperform	National Bank Financial
8/27/2024	$164.00 → $182.00	Sector Perform → Sector Outperform	Scotiabank
4/23/2024		Underperform → Sector Perform	National Bank Financial
3/14/2024	$150.00 → $180.00	Equal Weight → Overweight	Barclays
11/7/2023	$153.00	Buy	UBS
8/3/2023		Outperform → Sector Perform	National Bank Financial
8/3/2023	$140.00	Sector Outperform → Neutral	CIBC
8/3/2023	$135.00 → $139.00	Outperform → Sector Perform	RBC Capital Mkts

More analyst ratings

$TRI
Leadership Updates

Live Leadership Updates

Thomson Reuters Acquires Materia - a specialist in agentic AI for the tax, audit and accounting profession
TORONTO, Oct. 22, 2024 /PRNewswire/ -- Thomson Reuters Corporation ("Thomson Reuters") (NYSE:TRI), a global content and technology company, today announced it has acquired Materia, a US-based startup that specializes in the development of an agentic AI assistant for the tax, audit and accounting profession. This transaction, which is complementary to Thomson Reuters AI roadmap, accelerates Thomson Reuters vision for the provision of generative AI tools to the professions it serves. Founded in 2022, Materia is purpose built for tax, audit and accounting use cases. Its agentic A
10/22/24 8:00:00 AM ET
$TRI
Publishing
Consumer Discretionary
ACAMS Appoints Neil Sternthal as Chief Executive Officer
WASHINGTON, Jan. 17, 2024 /PRNewswire/ -- ACAMS, a leading global membership organization dedicated to supporting anti-financial crime professionals in the fight against illicit activities, today announced the appointment of Neil Sternthal as Chief Executive Officer, effective January 15, 2024. In addition, Mr. Sternthal will join Mariah Gause, Chief Operating Officer, as the two executive officers to the company's Board of Directors. Mr. Sternthal joins ACAMS after nearly 22 years with Thomson Reuters (NYSE:TRI), a leading global information and news media organization. A la
1/17/24 7:30:00 AM ET
$TRI
Publishing
Consumer Discretionary
Concerned Shareholders of Cano Health Issue Open Letter Regarding the Board's Entrenchment Maneuvers and Latest Governance Failures
Group Believes Board Has Disregarded Shareholders' Concerns by Appointing Solomon Trujillo as "Independent" Chairman Highlights Conflicting Financial Arrangements and Interlocks Among Board Members, Including Mr. Trujillo and Chief Executive Officer Marlow Hernandez Reiterates Demand that the Board Respect the Wishes of Shareholders by Making Necessary Leadership Changes or Reopening the Window to Nominate Director Candidates and Submit Proposals at 2023 Annual Meeting Elliot Cooperstone, Lewis Gold and Barry Sternlicht (collectively with certain of their affiliates, the "Group" or "we"), who recently resigned as members of the Board of Directors (the "Board") of Cano Health, Inc. ("C
4/26/23 8:30:00 AM ET
$CANO
$CI
$CSCO
$DVA
Medical/Nursing Services
Health Care
Medical Specialities
Computer Communications Equipment

Thomson Reuters to Present at JP Morgan Ultimate Services Investor Conference
TORONTO, Nov. 7, 2024 /PRNewswire/ -- Steve Hasker, president and chief executive officer and Mike Eastwood, chief financial officer of Thomson Reuters (TSX/NYSE:TRI) will both present at the JP Morgan Ultimate Services Investor Conference on Thursday, November 14, 2024, at 3:10 p.m. ET. The presentation may include forward-looking information. A live audio webcast will be available in the Investor Relations section of tr.com 24 hours prior to the start of the program. Additionally, an archive of the webcast will be available following the presentation. Thomson Reuters Thomson
11/7/24 11:00:00 AM ET
$TRI
Publishing
Consumer Discretionary
Thomson Reuters Reports Third-Quarter 2024 Results
TORONTO, Nov. 5, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE:TRI) today reported results for the third quarter ended September 30, 2024: Good revenue momentum continued in the third quarterTotal company revenues up 8%, organic revenues up 7%Organic revenues up 9% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Raised total company full-year organic revenue growth outlook to approximately 7%Raised organic revenue growth outlook for "Big 3" to approximately 8.5%Announced agreement to sell its FindLaw business"We saw good momentum c
11/5/24 6:30:00 AM ET
$TRI
Publishing
Consumer Discretionary
Engine Capital Nominates Six Highly Qualified Candidates for Election to Dye & Durham's Board of Directors at 2024 Annual Meeting
Six-Member Slate Possesses Necessary Software, Legal Technology, Operations and Capital Allocation Experience to Oversee a Value-Enhancing Turnaround Believes Significant Boardroom Change is Warranted Following Years of Disappointing Shareholder Returns, Value-Destructive M&A, High Employee Turnover, Inappropriate Executive Compensation and Anti-Shareholder Actions Upcoming Annual Meeting Provides Opportunity for Shareholders to Elect Leaders Who Will Hold Management Accountable, Close Dye & Durham's Valuation Gap and Restore Trust with Company Stakeholders Engine Capital LP (together with its affiliates, "Engine" or "we"), which owns approximately 7.1% of the issued and outstanding comm
11/4/24 2:30:00 PM ET
$EFX
$GPN
$SHOP
$STC
Finance: Consumer Services
Finance
Business Services
Consumer Discretionary

$TRI
Financials

Live finance-specific insights

Thomson Reuters Reports Third-Quarter 2024 Results
TORONTO, Nov. 5, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE:TRI) today reported results for the third quarter ended September 30, 2024: Good revenue momentum continued in the third quarterTotal company revenues up 8%, organic revenues up 7%Organic revenues up 9% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Raised total company full-year organic revenue growth outlook to approximately 7%Raised organic revenue growth outlook for "Big 3" to approximately 8.5%Announced agreement to sell its FindLaw business"We saw good momentum c
11/5/24 6:30:00 AM ET
$TRI
Publishing
Consumer Discretionary
Thomson Reuters Third-Quarter 2024 Earnings Announcement and Webcast Scheduled for November 5, 2024
Conference call and webcast scheduled for 8:30 a.m. EST TORONTO, ON, Oct. 1, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) announced today its third-quarter 2024 earnings will be issued via news release on Tuesday, November 5, 2024. Steve Hasker, president and chief executive officer, and Mike Eastwood, chief financial officer, will host a conference call and simultaneous webcast that morning at 8:30 a.m. EST. Discussions may include forward-looking information. You can access the webcast by visiting the Investor Relations section of the Thomson Reuters website. Registration
10/1/24 11:00:00 AM ET
$TRI
Publishing
Consumer Discretionary
Thomson Reuters Reports Second-Quarter 2024 Results
TORONTO, Aug. 1, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) today reported results for the second quarter ended June 30, 2024: Good revenue momentum continued in the second quarterTotal company and organic revenues both up 6%Organic revenues up 8% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Based on Q2 performance, raised full-year 2024 outlook for total and organic revenue growth to the high end of the prior rangesCompleted monetization of interest in London Stock Exchange Group (LSEG) in the second quarterCompleted $1.0 b
8/1/24 6:30:00 AM ET
$TRI
Publishing
Consumer Discretionary

Thomson Reuters Announces Sale Of 17.3M London Stock Exchange Group Shares At A Price Of £91.50 Per Share

Chat with this insight

Recent Analyst Ratings for
$TRI

$TRI
Market Insights

Live Market Insights

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $4,200 Today

Thomson Reuters Files $3B Debt Securities Shelf