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BRIEF-Thomson Reuters, Blackstone To Close F&R Deal On Oct. 1

Published 2018-08-28, 11:20 a/m
© Reuters.  BRIEF-Thomson Reuters, Blackstone To Close F&R Deal On Oct. 1

Aug 28 (Reuters) - Thomson Reuters Corp :

* THOMSON REUTERS AND BLACKSTONE AGREE TO CLOSE FINANCIAL & RISK TRANSACTION ON OCTOBER 1, 2018

* AN AFFILIATE OF CANADA PENSION PLAN INVESTMENT BOARD AND AFFILIATE OF GIC WILL INVEST ALONGSIDE BLACKSTONE

* PLANS TO RETURN $10 BILLION OF DEAL PROCEEDS TO ITS SHAREHOLDERS

* EXPECTS TO USE PART OF DEAL PROCEEDS TO REDEEM ABOUT $4 BILLION OF DEBT

* EXPECTS TO USE PART OF DEAL PROCEEDS TO MAINTAIN ABOUT $2 BILLION OF CASH ON BALANCE SHEET TO FUND ACQUISITIONS

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