Thomson Reuters to unify dual listed structure

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New York—Thomson Reuters announced Tuesday that it plans to unify its “dual listed company structure.”

The company currently trades as both Thomson Reuters Corp. and Thomson Reuters PLC. Its board recommended “that all shareholders vote in favor of unification at shareholder meetings scheduled for Aug. 7, 2009.”

If unification is approved, Thomson Reuters will still be listed on the Toronto Stock Exchange and New York Stock Exchange but will no longer be listed on the London Stock Exchange or Nasdaq. In connection with unification, Thomson Reuters said it may repurchase up to $500 million of its shares.

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