Thomson Reuters Announces Conditional Cash Tender Offer - Quick Facts

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(RTTNews.com) - Thomson Reuters Corp. (TRI.TO, TRI) announced that it has commenced a cash tender offer for up to an aggregate principal amount of approximately $650 million of debt securities, conditional upon the closing of the company's previously announced sale of a 55% interest in its Financial & Risk business to private equity funds managed by Blackstone for approximately $17 billion. An affiliate of Canada Pension Plan Investment Board and an affiliate of GIC will invest alongside Blackstone.

Thomson Reuters plans to use approximately $4 billion of the proceeds from the F&R Transaction to fund the tender offer, the conditional redemptions and to repay other outstanding indebtedness.

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This article appears in: World Markets , Stocks , Economy
Referenced Symbols: TRI

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