- Thomson Reuters (NYSE:TRI) has amended its normal course issuer bid, in connection with a plan to buy back an additional $1.5B in shares.
- The amendment increases common shares that the company can repurchase by another 9.2M. That means up to 39.2M common shares (about 5% of issued and outstanding shares as of last May) can now be repurchased until May 27, 2016.
- Under the current NCIB, the company bought back about 25.64M shares between May 28 of last year and this Tuesday, for about $982.8M (averaging $38.34/share).
- Shares are up 3.6% today, to $35.85.