Thomson Reuters receives shareholder approval for return of capital transaction
Thomson Reuters announced that its shareholders approved a plan of arrangement to implement the company's proposed return of capital transaction at a special meeting held in Toronto. A final report on voting results will be filed by the company with the Canadian securities regulatory authorities and furnished to the U.S. SEC. The return of capital transaction is one of several ways that the company is returning $10B of proceeds from its recently closed Financial & Risk transaction to its shareholders. The return of capital transaction consists of a distribution of $4.45 in cash per common share (approximately $2.5B in the aggregate) and a consolidation of the company's outstanding common shares (or reverse stock split) on a basis that is proportional to the cash distribution.