- Thomson Reuters is expected to complete the sale of its Refinitiv stake in 1Q 2021, and it will receive shares in London Stock Exchange as part of the deal consideration.
- New CEO Steve Hasker was formerly with private equity firm TPG and data company Nielsen prior to joining Thomson Reuters, and his past professional experience is seen as a positive.
- Thomson Reuters trades at consensus forward FY 2020 and FY 2021 P/E multiples of 44.4 times and 37.9 times, respectively.
For further details see:
Thomson Reuters: Spotlight On Refinitiv Stake Sale And New CEO