Thomson Reuters launches $500 million share buyback program
Thomson Reuters announced a new normal‑course issuer bid to repurchase up to $500 million of its common stock, equivalent to about 7 million shares or 1.6% of its outstanding shares. The program runs from 13 Nov 2026 to 12 Nov 2027 and will be executed on the TSX, Nasdaq and other eligible venues. Controlling shareholder Woodbridge, which holds roughly 70% of the equity, will buy shares proportionally. The company will cancel any shares it repurchases, reducing the float.
Why it matters
The buyback will lower the number of shares outstanding, which can boost earnings per share and support the share price. Woodbridge’s proportional participation helps maintain its ownership stake while providing additional liquidity to the market.
Key facts
- 1The program authorises up to $500 million of share repurchases. prnewswire.com
- 2Up to 7 million common shares, representing approximately 1.6% of the 433,458,865 issued and outstanding shares as of 31 Oct 2026, may be bought back. prnewswire.com
- 3The buyback period is from 13 Nov 2026 through 12 Nov 2027. prnewswire.com
- 4Daily repurchases on the TSX are limited to 181,938 shares, or 25% of the average daily volume of 727,753 for the six months ended 31 Oct 2026. prnewswire.com
- 5Woodbridge Company Limited holds approximately 70% of the outstanding shares and will participate proportionally in the NCIB. prnewswire.com
- 6In the prior 12‑month period the company repurchased 6,155,886 shares for $600 million at an average price of $97.48 per share. investing.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.