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  "documentTitle": "Thomson Reuters | Mergers and Acquisitions Presentation Deck | 12 slides",
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      "text": "~$20 Billion Valuation\n~$17 billion gross cash proceeds to Thomson Reuters\nCash proceeds funded with $14 billion of debt and preferred equity at partnership and $3 billion cash equity\nThomson Reuters retains 45% stake in our financial services business\nThomson Reuters retains Reuters News business and selected Risk assets",
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      "text": "Dividend maintained at $1.38 per share in 2018 & repurchase shares via substantial issuer bid/tender\nThe company expects its principal shareholder (Woodbridge) will participate in the issuer bid/tender offer to help facilitate a successful completion\nWoodbridge expects to return ownership level to within 50-60% target range (currently 64%)\nWoodbridge has also advised the company that it plans to reinvest between 30% and 50% of its dividend in Thomson Reuters shares for at least 3 years following the closing of the transaction",
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      "text": "A balanced approach for expected uses of proceeds",
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      "text": "Cash proceeds ~$ 17 billion\nTaxes & Expenses ~$ 1.5 – 2.5 billion\nDebt Repayment ~$ 3 billion (maintain target Net Debt to Adjusted EBITDA leverage ratio of 2.5x)\nCash to Balance Sheet ~$ 1 - 3 billion\nShare Repurchases ~$ 9 - 11 billion",
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