Thomson Reuters Cleared to Proceed With $605M Special Distribution, Reverse Split

Dow Jones05-01
 

By Adriano Marchese

 

Thomson Reuters received court approval for a special return of capital of $605 million and a go-ahead for a share consolidation.

The Canadian information and technology company said Thursday that the Ontario Superior Court of Justice issued its final order approving the plan of arrangement covering both the cash distribution and the reverse stock split.

The special payout amounts to roughly $1.36 a share, with the final figure to be set once the company determines how many shareholders are participating.

Thomson Reuters also will proceed with a consolidation of its outstanding shares on a proportional basis. The company expects to finalize the distribution amount and the consolidation ratio before the plan of arrangement takes effect on May 4.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

April 30, 2026 12:14 ET (16:14 GMT)

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