TRI:CC - Thomson Reuters renews normal course issuer bid new $2B share repurchase program

Thomson Reuters (NYSE:TRI) received approval from the Toronto Stock Exchange for the annual renewal of its normal course issuer bid. It also announced that it plans to repurchase up to $2B of its shares under the new bid. Under the new bid, up to 24M shares (representing ~5% of its  issued and outstanding common shares) may be repurchased between June 13, 2022 and June 12, 2023. For the prior bid which commenced in January 2021 and expired on Jan.3, 2022, the company earlier received approval from the TSX to repurchase up to 20M shares. From the total, it repurchased 12.8M shares for total cost of ~$1.4B.

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Thomson Reuters renews normal course issuer bid, new $2B share repurchase program