Thomson Reuters to Launch $500 Million Share Buyback Plan

07:51 AM EST, 11/11/2026 (MT Newswires) -- Thomson Reuters (TRI) said Wednesday that it plans to repurchase up to $500 million of its common shares under a new normal course issuer bid approved by the Toronto Stock Exchange. The company said that under the buyback plan, up to 7 million shares, which represent approximately 1.6% of the company's shares as of Oct. 31, may be repurchased between Nov. 13, 2026 and Nov. 12, 2027. Under the plan, shares may be repurchased in open market transactions on the Toronto Stock Exchange, the Nasdaq Global Select Market, and/or other exchanges and alternative trading systems, if eligible, the company said. Thomson Reuters said controlling shareholder Woodbridge intends to participate proportionally in the program to maintain its approximately 70% ownership stake. Shares repurchased under the plan will be cancelled, it added. The company bought back 6.16 million shares for $600 million during the 12 months preceding the announcement, at an average price of $97.48 per share, according to the release.