Woodbridge may exchange up to 15 million shares of Thomson Reuters

By Lisa Kerner

Charlotte, N.C., Nov. 21 - Thomson Reuters controlling shareholder Woodbridge Co., Ltd. completed a Canadian regulatory filing in order to sell up to 15 million Thomson Reuters Corp. common shares, or 3% of Woodbridge's holdings, and use the proceeds to concurrently buy Thomson Reuters plc ordinary shares.

Woodbridge said it previously announced and completed similar transactions in September.

Sales of Thomson Reuters Corp. shares would be effected on the Toronto Stock Exchange, while the purchase of Thomson Reuters plc ordinary shares would be effected through the London Stock Exchange.

One ordinary share of Thomson Reuters plc is equivalent to one common share of Thomson Reuters Corp. under Thomson Reuters' dual-listed company structure, according to a Woodbridge news release.

Woodbridge and its affiliates own a total of 444,780,673 Thomson Reuters Corp. common shares and 8,334,812 Thomson Reuters plc ordinary shares, including ordinary shares underlying Thomson Reuters plc American Depositary Shares.

The investor has a 55% voting interest in Thomson Reuters.

In April 2008, Thomson Corp. acquired Reuters Group plc to form Thomson Reuters, a New York information services company.

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