Thomson Reuters plans a $500 million share buyback
The new authorization covers up to 7 million shares, with controlling shareholder Woodbridge planning proportional participation.
Thomson Reuters announced plans to repurchase up to $500 million of its shares under a new normal course issuer bid approved by the Toronto Stock Exchange. The program runs from November 13, 2026, through November 12, 2027.
What the authorization covers
The company may buy up to 7 million common shares, about 1.6% of the shares outstanding at October 31. Shares bought under the program will be cancelled.
The dollar amount and share count describe limits on the program, not purchases already completed. Thomson Reuters said actual repurchases will depend on market conditions, its share price and other investment opportunities; it may suspend or stop buying.
Why the controlling shareholder is participating
Woodbridge, which owns approximately 70% of Thomson Reuters, intends to sell proportionally into the program to maintain its percentage ownership. Purchases from Woodbridge reduce the maximum number of shares available for open-market repurchases under the authorization.
That detail matters: the company is not announcing a separate $500 million public-market buyback plus an additional program for its controlling shareholder. Both sit within the same authorization.
