Key Developments: Thomson Reuters Corp (TRI)
35.07USD
23 May 2013
$0.12 (+0.34%)
$34.95
$34.82
$35.22
$34.73
1,238,161
1,107,374
$35.32
$26.20
Latest Key Developments (Source: Significant Developments)
Thomson Reuters Corp Announces Pricing Of $850 Million Note Offering
Thomson Reuters Corp announced the pricing of its offering of $500 million of 0.875% notes due 2016 and $350 million of 4.50% notes due 2043. The offering is expected to close on May 23, 2013, subject to customary closing conditions. Thomson Reuters plans to use the net proceeds of this offering for general corporate purposes, including to repay part of its $750 million principal amount of 5.95% notes due in July 2013 upon their maturity and its $250 million principal amount of 5.25% notes due in August 2013 upon their maturity. Full Article
Thomson Reuters Corp Reaffirms FY 2013 Revenue Guidance; Declares Quarterly Dividend
Thomson Reuters Corp reaffirmed business outlook for fiscal 2013 and expects revenues to grow low single digits. The Company's fiscal 2013 Outlook includes the impact of an expected $100 million of severance expense in fiscal 2013, $78 million of which was incurred in the first quarter. The Outlook is based on expectations including adjustments for two new accounting pronouncements as well as the reclassification of certain businesses into disposals. The Company reported revenue of $12.899 billion in fiscal 2012. The Company also announced a quarterly dividend of $0.325 per share is payable on June 17, 2013 to common shareholders of record as of May 23, 2013. Full Article
Thomson Reuters Corp's Thomson CompuMark Acquires Trademark Business of Onscope
Thomson CompuMark, a Thomson Reuters Corp's Intellectual Property (IP) & Science business announced the acquisition of the trademark business of Onscope, a provider of trademark searching, monitoring and online screening in Canada. The amount of the deal was not disclosed. Onscope's search support services for the Canadian Intellectual Property Office and its linguistics and translation services were not included. Full Article
Thomson Reuters Corp Announces Partnership With Continuum Analytics
Thomson Reuters Corp announced partnership with Continuum Analytics, to make financial datasets more accessible and easier to analyze for those in the quantitative field. The partnership will allow subscribers to access Thomson Reuters QADirect financial database through Continuum's new in-browser Python data analytics platform, Wakari. Full Article
NASDAQ OMX Group Inc Announces Grant Of Early Termination Of HSR Waiting Period For Acquisition Of Thomson Reuters Corp's Investor Relations, Public Relations And Multimedia Solutions Businesses
NASDAQ OMX Group Inc announced that parties have been granted early termination of the waiting period under the Hart-Scott-Rodino Improvements (HSR) Act of 1976 with respect to NASDAQ OMX's proposed acquisition of Thomson Reuters Investor Relations, Public Relations and Multimedia Solutions businesses. The acquisition is expected to close in the first half of 2013. Full Article
Thomson Reuters Corp To Cut 2,500 Jobs-WSJ
The Wall Street Journal reported that Thomson Reuters Corp plans to cut 2,500 jobs in its core Financial and Risk division by year's end, and said it didn't expect that business to turn around until the second half of 2013. About 1,000 job cuts will come from the sale of the Corporate Services division to Nasdaq OMX Group Inc., expected to be completed in the second quarter, Thomson Reuters said. Many of the others will come from the retiring of so-called legacy products as the division rolls its customers onto its new Eikon and Elektron desktop products. Full Article
Thomson Reuters Corp Announces Dividend
Thomson Reuters Corp announced that the Board of Directors approved a $0.02 per share increase in the annual dividend to $1.30 per share. A quarterly dividend of $0.325 per share is payable on March 15, 2013 to common shareholders of record as of February 25, 2013. Full Article
Thomson Reuters Corp Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates
Thomson Reuters Corp announced that for fiscal 2013, it expects revenues to grow low single digits. The Company reported revenue of $12.899 billion in fiscal 2012. The guidance is based on expectations including adjustments for two new accounting pronouncements as well as the reclassification of certain businesses into disposals. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $13.169 billion for fiscal 2013. Full Article
Thomson Reuters Corp Completes Acquisition of Practical Law Company
Thomson Reuters Corp announced that it has completed the acquisition of Practical Law Company, provider of practical legal know-how and workflow tools. Practical Law Company has operations in New York and London; terms of the deal were not disclosed. Thomson Reuters announced on January 3, 2013 that it had reached a definitive agreement to acquire Practical Law Company. The acquisition, which was subject to regulatory review in the U.S. and UK, has received Hart Scott Rodino clearance in the U.S. In the UK, where Thomson Reuters made a voluntary submission to the Office of Fair Trading (OFT), the review process is underway. Full Article
Thomson Reuters Corp To Acquire Practical Law Company
Thomson Reuters Corp announced that it has signed a definitive agreement to acquire Practical Law Company, the London-based provider of practical legal know-how and workflow tools to law firms and corporate law departments. Practical Law Company has more than 750 employees, with principal operations in London and New York, and will be part of the Legal business of Thomson Reuters. The acquisition is expected to close in the first quarter of 2013. Terms of the deal were not disclosed. Practical Law Company, with its wide range of expert-authored, up-to-date practical legal resources and software tools, is seen as complement to the Thomson Reuters portfolio of respected legal software and information products including Westlaw, which offers the broadest and most comprehensive collection of primary and analytical content for legal professionals. Full Article
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Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
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