Thomson Reuters Corp (TRI.TO)
30 Nov 2016
Latest Key Developments (Source: Significant Developments)
Thomson Reuters Corp:Re-affirmed its business outlook for FY 2016 which was previously communicated in Feb. 2016.Says company's FY 2016 outlook assumes constant currency rates compared to 2015 and all metrics below (except for free cash flow) exclude the Intellectual Property & Science business, which has been classified as a discontinued operation for 2016 reporting purposes.Expects low single-digit revenue growth for FY 2016.Expects 2% to 3% revenue growth excluding Financial & Risk's recoveries revenues, which are low margin revenues and are expected to decline as partners move to direct billing with their customers. Full Article
Thomson Reuters Corp:Board approved $0.02 annual dividend increase to $1.36 per share.Quarterly dividend of $0.34 per share payable on March 15, 2016 to common shareholders of record as of February 23, 2016.Says plans to repurchase up to an additional $1.5 billion of its shares. Full Article
Thomson Reuters Corp:Says FY 2016 outlook assumes constant currency rates compared to FY 2015 and excludes Intellectual Property & Science business, which will be classified as a discontinued operation for FY 2016 reporting purposes.Says FY 2016 outlook is based on expected performance of the company's remaining businesses and does not factor in the impact of any other acquisitions or divestitures that may occur during the year.Expects low single digit revenue growth - 2% to 3% revenue growth excluding Financial & Risk's recoveries revenues, which are low margin revenues and are expected to decline as partners move to direct billing with their customers. Full Article
Thomson Reuters:Says exploring strategic options for its intellectual property & science business.Says full-year 2015 consolidated results will include intellectual property & science's results.Says Vin Caraher has been appointed president of the intellectual property & science business, effective immediately.Says guggenheim securities, llc and j.p. morgan are acting as financial advisors to Thomson Reuters.Says Basil Moftah, formerly president of intellectual property & science, is leaving Thomson Reuters.Says to use proceeds from a potential deal to invest in its core businesses, repay debt and accelerate share buyback activity. Full Article
Thomson Reuters Corp:Reaffirms FY 2015 guidance communicated in February 2015.Sees positive organic revenue growth in FY 2015.FY 2015 revenue of $12.34 bln - Thomson Reuters I/B/E/S. Full Article
Diligent Corp:Has acquired all assets of BoardLink, a SaaS provider of board and leadership team collaboration solutions, from Thomson Reuters Corp.Diligent paid approximately $10.0 million in cash for the Thomson Reuters BoardLink business.District Capital Partners acted as exclusive financial advisor to Diligent in the transaction. Full Article
Thomson Reuters Corp:Announces that it has signed a definitive agreement to acquire BETA Global, a European wealth and investment transaction processing system, from Thomson Reuters.Says the acquisition is expected to close immediately.Says terms of the transaction were not disclosed. Full Article
Thomson Reuters Corp:Approved $0.02 per share annualized increase in dividend to $1.34 per share.Says quarterly dividend of $0.335 per share is payable on Sept 15 to common shareholders of record as of Aug. 20. Full Article
Thomson Reuters Corp:Re-affirmed its full-year business outlook for FY 2015, which was previously communicated in Feb.Says that the company continues to expect positive organic revenue growth for FY 2015.Says quarterly dividend of $0.335 per share is payable on Sept. 15, to common shareholders of record as of Aug. 20. Full Article
Marathon Patent Group's Subsidiary, Selene Communication Technologies, LLC, enters into settlement and license agreement with Thomson Reuters Inc.
Marathon Patent Group Inc:Marathon patent Group's subsidiary, Selene Communication Technologies, LLC, enters into settlement and license agreement with Thomson Reuters Inc.Consideration to be paid by Thomson Reuters Inc. to Selene and all other terms of the license agreement are confidential. Full Article
SINGAPORE, Nov 18 Asian bond investors must brace for more volatility at least through the first quarter of 2017 when they are likely get more clarity on whether U.S. President-elect Donald Trump's policies will reflect his anti-globalisation campaign rhetoric, according to State Street Global Advisors.