Company News

BUZZ-Thomson Reuters shares rise after early results of tender offers

** U.S.-listed shares of Thomson Reuters Corp, parent co of Reuters News, up 5.1 pct on Weds after announcement of early results of its tender offers

** TRI announced results of cash tender offer to purchase up to $650 mln in debt securities; co expects to accept $650 mln of notes, whose settlement is expected to take place on Fri

** Also, TRI offered to purchase for cancellation up to $9 bln of outstanding common shares; about $6.5 bln of shares were tendered after close of offer on Tues

** As a result TRI expects to purchase at $47/sh about 138.7 mln shares, nearly 20 pct of outstanding shares as of tender offer announcement on Aug 28; final results to be announced Oct 8

** On Mon, TRI completed sale of majority stake in its financial and risk unit, now known as Refinitiv, to Blackstone Group LP

** With Weds gains, TRI up 7.9 pct YTD