Thomson Reuters unveils $500 million share buyback plan
TRI•Thomson Reuters plans to buy back up to $500 million of its shares, or 7 million common shares, between November 13, 2026, and November 12, 2027.
1. Buyback details
Thomson Reuters said it may repurchase up to 7 million common shares, about 1.6% of its issued and outstanding shares, under the plan. Controlling investor Woodbridge, which owns about 70% of the company, plans to participate proportionally to maintain its stake.
2. AI spending concerns
The company’s shares fell after it reported higher quarterly revenue earlier this month, as investors raised concerns about the effect of higher AI spending on profits. Thomson Reuters’s Canadian shares have declined about 15% so far this year.
