August 28, 2018 / 3:14 PM / 3 months ago

Thomson Reuters launches $9 billion share buyback

Aug 28 (Reuters) - Thomson Reuters will buy back $9 billion worth of its common stock using the proceeds of the sale of the majority of its Financial and Risk business to Blackstone Group LP, the news and data firm said in a statement on Tuesday.

The company also said it and Blackstone agreed to close the sale on Oct. 1. (Reporting by Patrick Graham; editing by Saumyadeb Chakrabarty)

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