Thomson Reuters unveils $500 million share buyback plan
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Thomson Reuters plans to buy back up to $500 million of its shares.
- ✓The company said on Wednesday it may purchase 7 million common shares between November 13 and November 12, 2027.
- ✓This move comes as many investors worry about rising AI costs that recently pushed the stock price down.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Nov 11 (Reuters) - Thomson Reuters (TRI.TO), opens new tab plans to buy back up to $500 million of its shares, the content and technology company said on Wednesday as concerns about rising AI costs weigh on its stock price.
Under the plan, Thomson Reuters may buy up to 7 million common shares, or about 1.6% of its issued and outstanding shares, between November 13, 2026, and November 12, 2027.
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Reporting by Aditya Soni in Bengaluru; Editing by Anil D'Silva
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