Noticias y eventos de Thomson Reuters Corp (TRI)TRIThomson Reuters Corp

Thomson Reuters Sells 51% Stake in Global Print Business

Thomson Reuters sold a 51% stake in its Global Print business on October 1st to capital accounts advised by KKR, with the two parties forming a joint venture to operate the Global Print business, now operating as Westbridge Print. As a result, Thomson Reuters will report Global Print as discontinued operations beginning in Q3. Prior periods presented will be restated to reflect this change. On August 5, the company provided a Q3 organic revenue growth outlook of 8% and adjusted EBITDA margin of 36%, which included the results of the Global Print business. Calculated on the basis the company will use to report its Q3 results, the provided outlook would have been 9% organic revenue growth and 35% adjusted EBITDA margin. The revised historical information and the Q3 outlook do not reflect certain arrangements that began on October 1. Beginning with Q4 results, the impact of these royalty and transitional services arrangements are expected to largely offset stranded costs from the separation. As a result, the company continues to expect the impact from the Global Print transaction to be approximately neutral to adjusted EBITDA margin following the transaction close, as well as 60-70 basis points accretive to annual organic revenue growth.

S&P Global Appoints Thomas Kim as Chief Legal Officer

S&P Global (SPGI) announced the appointment of Thomas Kim as the company's new Chief Legal Officer, effective October 19. Kim will report directly to President and CEO Martina Cheung and will oversee S&P Global's Legal, Government Affairs, Risk and Compliance function. Kim is an accomplished legal executive with over 30 years of experience across public company and private practice legal functions. He previously served as Chief Legal Officer and Corporate Secretary for Gartner (IT) and Thomson Reuters (TRI).

Thomson Reuters Completes Sale of Global Print Business to KKR

Thomson Reuters (TRI) announced that it has closed on its previously announced sale of a majority stake in its Global Print business to capital accounts advised by KKR (KKR). "The business operates today as Westbridge Print, an independent company serving legal and tax professionals across 13 countries and providing commercial printing services to book publishers across a wide range of markets. For Thomson Reuters, this transaction sharpens its focus on providing innovative fiduciary-grade AI solutions for the legal, tax, audit and compliance industries," Thomson Reuters stated.