Thomson Reuters' Value Creation Hinges on Repurchase Price
After analyzing narrow-moat Thomson Reuters’ deal to sell 55% of its financial and risk business to Blackstone, we’re increasing our fair value estimate for Thomson Reuters to $43.50 per share from $38. As it stands today, once this deal is completed, Thomson Reuters will be able to repurchase approximately 30% of its outstanding shares. Our fair value estimate is highly sensitive to Thomson Reuters' share price; the price at which shares are repurchased is possibly the greatest factor in determ...Thomson Reuters provides source of news and information. Co. operates three business: Financial & Risk, a provider of news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals, as well as a provider of regulatory and operational risk management solutions; Legal, a provider of online and print information, decision tools, software and services that support legal, investigation, business and government professionals; and Tax & Accounting, a provider of integrated tax compliance and accounting information, software and services for professionals in accounting firms, corporations, law firms and government.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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