Thomson Reuters Shareholders Approve US$605M Capital Return, Proportional Reverse Split
Shareholders approved a plan to return US$605 million in cash—approximately US$1.36 per common share—and execute a proportional reverse stock split. Pending Ontario Superior Court and TSX/Nasdaq approvals, the arrangement is set to become effective May 4, 2026, with consolidated shares trading under a new CUSIP and cash delivered shortly thereafter.
1. Shareholder Vote and Plan Approval
Shareholders approved a plan of arrangement that includes a special cash distribution totaling US$605 million—about US$1.36 per common share—and a proportional reverse stock split to align share count with the return of capital.
2. Timeline and Final Steps
The arrangement awaits final approval from the Ontario Superior Court of Justice as well as the TSX and Nasdaq. If approved, it will become effective at 3:01 a.m. ET on May 4, 2026, when post-consolidation shares will begin trading under a new CUSIP and cash payments will be delivered to participating shareholders.
3. Upcoming Earnings Preview
Wall Street analysts expect Thomson Reuters to report earnings growth in its upcoming quarterly release next week, with detailed consensus estimates to be revealed upon the company’s announcement.