Thomson Reuters investor Woodbridge considers exchanging 10 million shares

By Lisa Kerner

Charlotte, N.C., Feb. 26 - Thomson Reuters controlling shareholder Woodbridge Co. Ltd. filed for regulatory approval in Canada to sell up to 10 million additional common shares of Thomson Reuters Corp., or approximately 2% of its holdings in the company.

Woodbridge also sought approval to purchase a similar number of Thomson Reuters plc ordinary shares.

According to Woodbridge, any sales of Thomson Reuters Corp. common shares would be effected through the Toronto Stock Exchange within 30 days.

Woodbridge would purchase Thomson Reuters plc ordinary shares through the London Stock Exchange.

The regulatory filing does not commit Woodbridge to undertake any transactions.

Woodbridge said it completed similar transactions in the fourth quarter of 2008.

As of Feb. 25, Woodbridge and its affiliates beneficially owned 439,767,486 Thomson Reuters Corp. common shares and 15,375,287 Thomson Reuters plc ordinary shares, including ordinary shares underlying Thomson Reuters plc American Depositary Shares.

One ordinary share of Thomson Reuters plc is equivalent to one common share of Thomson Reuters Corp.

Woodbridge reported a voting interest in Thomson Reuters of approximately 55%.

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

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