Thomson Reuters investors to receive $2.2bn payout from sale of LSEG shares

Cash distribution and a reverse stock split

Thomson Reuters will return $2.2bn to shareholders following the sale of shares in London Stock Exchange Group.

The payment will be made via a cash distribution and a reverse stock split, according to the news and information company. Thomson Reuters had flagged in February it was preparing to make the sale and shareholder return after it completes a $2bn buyback program in the second quarter of 2023. LSEG hails Refinitiv integration as it eyes buyback on Blackstone/Thomson Reuters stake Under the terms of the distribution, cash payments will consist of $4.67 per common share, while the reverse stock split will reduce the number of outstanding common shares on a basis proportional to the cas...