TIDMTRIL 
 
Thomson Reuters to Explore Strategic Options for its Intellectual Property & 
Science Business 
 
NEW YORK, Nov. 11, 2015  -- Thomson Reuters (TSX/NYSE: TRI) today announced 
that it is exploring strategic options for its Intellectual Property & Science 
business. With leading products and solutions such as Web of Science, Thomson 
CompuMark, Thomson Innovation, MarkMonitor, Thomson Reuters Cortellis and 
Thomson IP Manager, the Intellectual Property & Science business provides its 
customers with comprehensive intellectual property and scientific information, 
decision support tools and services supporting the innovation lifecycle for 
governments, academia and corporations. 
 
Logo - http://photos.prnewswire.com/prnh/20130208/MM57185LOGO 
 
"Our Intellectual Property & Science division contains growing and profitable 
businesses which operate in attractive markets," said James C. Smith, president 
and chief executive officer of Thomson Reuters. "By sharpening our strategic 
focus, we are increasingly prioritizing investments behind the many 
opportunities we see at the intersection of global commerce and regulation. I 
believe that Intellectual Property & Science will continue to thrive in the 
future and we want to put it in the best position possible to realize its 
potential." 
 
Thomson Reuters would plan to use any net proceeds from a potential transaction 
for general corporate purposes, including investing in its core businesses, 
repaying debt and accelerating share buyback activity. 
 
Intellectual Property & Science had revenues of approximately $1.0 billion and 
a segment EBITDA margin of 32.4% in 2014, representing approximately 8% of the 
company's 2014 revenues and approximately 10% of the company's 2014 adjusted 
EBITDA. 
 
Thomson Reuters full-year 2015 consolidated results will include Intellectual 
Property & Science's results. 
 
Thomson Reuters also announced that Vin Caraher has been appointed President of 
the Intellectual Property & Science business, effective immediately. Mr. 
Caraher is a longtime Thomson Reuters executive who previously led the Thomson 
Scientific business as one of his many assignments with the company over the 
years. Basil Moftah, formerly President of Intellectual Property & Science, is 
leaving Thomson Reuters to pursue other opportunities. The company wishes him 
success in his future endeavors. 
 
Guggenheim Securities, LLC and J.P. Morgan are acting as financial advisors to 
Thomson Reuters. 
 
Thomson Reuters 
Thomson Reuters is the world's leading source of intelligent information for 
businesses and professionals. We combine industry expertise with innovative 
technology to deliver critical information to leading decision makers in the 
financial and risk, legal, tax and accounting, intellectual property and 
science and media markets, powered by the world's most trusted news 
organization. Thomson Reuters shares are listed on the Toronto and New York 
Stock Exchanges (symbol: TRI). For more information, go to http:// 
www.thomsonreuters.com/. 
 
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS 
Certain statements in this news release are forward-looking, including the 
company's current expectations regarding uses of proceeds if a transaction 
involving the Intellectual Property & Science business occurs. These 
forward-looking statements are based on certain assumptions and reflect our 
company's current expectations. As a result, forward-looking statements are 
subject to a number of risks and uncertainties that could cause actual results 
or events to differ materially from current expectations. There is no assurance 
that a transaction involving all or part of the Intellectual Property & Science 
business will be completed or that other events described in any 
forward-looking statement will materialize. Except as may be required by 
applicable law, Thomson Reuters disclaims any obligation to update or revise 
any forward-looking statements. Segment EBITDA is a non-International Financial 
Reporting Standards (IFRS) measure. Segment EBITDA for the Intellectual 
Property & Science business and EBITDA for the company are defined and 
reconciled to the most directly comparable IFRS measures in the company's 2014 
annual report, which has been filed with the Canadian securities regulatory 
authorities and the U.S. Securities and Exchange Commission. 
 
CONTACTS 
 
MEDIA                                   INVESTORS 
David Crundwell                         Frank J. Golden 
Senior Vice President, Corporate        Senior Vice President, Investor 
Affairs                                 Relations 
+44 20 7542 8763                        +1 646 223 5288 
david.crundwell@thomsonreuters.com      frank.golden@thomsonreuters.com 
 
 
 
 
SOURCE  Thomson Reuters 
 
 
 
 
END

(END) Dow Jones Newswires

November 11, 2015 08:00 ET (13:00 GMT)

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