July 11, 2016 / 10:42 AM / a year ago

Thomson Reuters to sell IP & science business for $3.55 bln

July 11 (Reuters) - Thomson Reuters Corp said it agreed to sell its intellectual property & science business to private equity funds Onex Corp and Baring Private Equity Asia for $3.55 billion.

The company said on Monday it expects to use about $1 billion of the net proceeds to buy back shares and the rest to pay down debt. (Reporting by Arathy S Nair in Bengaluru;Editing by Sriraj Kalluvila)

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