Stocks in Play

Thomson Reuters

10:02 AM EST - Thomson Reuters : Announced that it and certain investment funds affiliated with Blackstone have agreed to sell shares in London Stock Exchange Group plc that they co-own to Microsoft. Thomson Reuters plans to use the approximately $1B of gross proceeds from the transaction to pursue organic and inorganic opportunities in key growth segments and provide returns to shareholders. Closing of the transaction is subject to customary antitrust and regulatory approvals and is expected to complete in the first quarter of 2023. Thomson Reuters shares T.TRI are trading up $1.17 at $158.09.