News
Thomson family sells TRI shares for C$26 million
Friday 15 May 2015
Thomson Reuters majority owner Woodbridge, investment vehicle of chairman David Thomson (photo) and his family, sold 540,000 shares of the company's stock for a total of C$26,233,200.
Average price per share in Thursday's transaction was C$48.58.
TRI shares traded slightly higher on the Toronto Stock Exchange on Friday at C$49.22. Their 52-week range is C$37.24 to C$53.00.
Thomson Reuters shares were also higher at $40.97 on the New York Stock Exchange where their 52-week range is $34.07 to $42.64.
Among 20 analysts following the stock, two rate TRI Buy, three Outperform and 15 Hold.
The company recently declared a quarterly dividend of $0.335 per share which will be paid on 15 June to investors of record on 21 May. ■
- SOURCE
- Dakota Financial News
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