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Media giant Thomson Reuters (Reuters) announced plans to buy back $1 billion worth of shares this Friday. The announcement follows on the heels of a statement issued by the company last month that declared it would be buying back $500 million shares.
The $1 billion buyback program announced today would be separate from the one announced last month, meaning the firm plans to repurchase a total of $1.5 billion worth of shares. Since last month’s announcement the firm has already repurchased $231 million worth of shares.
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The buyback program is a ... (read more)