Woodbridge signals Thomson Reuters share swap
Friday 21 November 2008
Woodbridge, the Thomson family's investment vehicle and controlling shareholder of Thomson Reuters, signalled on Friday it may be about to exchange Thomson Reuters Corporation shares for shares in Thomson Reuters PLC.
Under a Canadian regulatory filing in Toronto, Woodbridge would sell up to 15 million common shares in the corporation on the Toronto Stock Exchange and concurrently buy a similar number of ordinary shares in the PLC on the London Stock Exchange.
Woodbridge and other companies affiliated with it beneficially own an aggregate of 444,780,673 Thomson Reuters Corporation shares and 8,334,812 Thomson Reuters PLC ordinary shares. Its voting interest in Thomson Reuters is approximately 55 per cent. ■
- Fox Business