Thomson Reuters Urges Shareholders To Reject TRC Capital's "Mini-Tender" Offer

(RTTNews) - Financial information provider Thomson Reuters Corp. (TRI, TRI.TO) has been notified of an unsolicited mini-tender offer by TRC Capital Corp. to buy up to 2.5 million Thomson Reuters common shares, or nearly 0.31% of the common shares outstanding, at a price of C$39.75 per share. Thomson Reuters does not endorse this unsolicited mini-tender offer and recommends that shareholders reject the offer and do not tender their shares in response to the offer.

Shareholders are cautioned that the mini-tender offer has been made at a price below market, representing a discount of 4.33% and 4.41%, respectively, to the closing prices of Thomson Reuters shares on the Toronto Stock Exchange and NYSE on September 10, 2014, the last trading day before the mini-tender offer was commenced. Further, the offer is highly conditional. TRC Capital's offer states that it may terminate the offer, provided the market price of Thomson Reuters shares declines since the close of business on September 10, 2014.

Thomson Reuters is not associated with TRC Capital, its mini-tender offer or the mini-tender offer documentation. The TRC Capital mini-tender offer is also not related to Thomson Reuters own prior announced plans to buy back up to $1 billion of its shares by the end of 2015, which is being effected through the Toronto Stock Exchange's normal course issuer bid rules.