Thomson Reuters plans $600M share buyback, $605M capital return

Thomson Reuters (TSX/Nasdaq:TRI) announced in Toronto today plans to repurchase up to $600 million of its common shares and return $605 million to shareholders through a capital return transaction, as the stock trades at $90.09 near its 52-week low following a challenging year that saw shares decline 48.82%. The financial information company's move comes as it seeks to bolster investor confidence and return value to shareholders amid a period of stock underperformance. The buyback and capital return program represent a significant commitment to enhancing shareholder value, particularly important given the substantial decline in the company's stock price over the past year. Market analysts view these moves as an attempt by Thomson Reuters to signal confidence in its long-term prospects while providing immediate returns to investors who have endured the recent downturn.