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An update from Thomson Reuters ( (TSE:TRI) ) is now available.
Thomson Reuters has reminded shareholders who are taxable outside Canada that they may opt out of its proposed return of capital, a transaction that combines a special cash distribution with a proportional share consolidation. The distribution totals about US$605 million, or roughly US$1.36 per share, and is structured to be generally tax-free for Canadian residents, who are typically not eligible to opt out.
Non-Canadian taxable shareholders who opt out will forgo the cash payment but still participate in the share exchange and consolidation, ultimately retaining the same number of shares while gaining a proportionately larger equity and voting interest. Those who do not or cannot opt out will receive the cash and hold fewer shares after consolidation, and all investors are urged to review the detailed materials and seek professional advice given the complexity and potential tax implications of the structure.
The most recent analyst rating on (TSE:TRI) stock is a Buy with a C$170.00 price target. To see the full list of analyst forecasts on Thomson Reuters stock, see the TSE:TRI Stock Forecast page.
Spark’s Take on TRI Stock
According to Spark, TipRanks’ AI Analyst, TRI is a Neutral.
The score is supported primarily by strong financial performance and constructive guidance/capital-return commitments from the latest earnings call. This is meaningfully offset by very weak technical conditions (deeply negative trend and momentum). Valuation is moderately demanding on P/E, with the dividend providing partial support.
To see Spark’s full report on TRI stock, click here.
More about Thomson Reuters
Thomson Reuters is a global provider of news and information-based tools for professionals, serving legal, tax, accounting, financial, and media markets. Listed on the Toronto Stock Exchange and Nasdaq under the symbol TRI, the company focuses on data-driven solutions and analytics that support decision-making for corporate, government, and institutional clients worldwide.
Average Trading Volume: 966,596
Technical Sentiment Signal: Sell
Current Market Cap: C$51.27B
Find detailed analytics on TRI stock on TipRanks’ Stock Analysis page.