Explain the current stock price and rationalize why it


Thomson Reuters (TR) reports on a consolidated basis. It generates approximately $16KB worth of annual revenues. It recently entered into a venture with another firm (Blackstone) to create a new company in which TR would hold approximately 45% of the stock of NewCo; and Blackstone would hold 55% of the stock (of the NewCo). TR then sold one line of business that typically generated about $8B of revenues to TR for approximately $20B.  Thomson Reuters no longer owns the former business and its not controlling owner of the NewCo

Explain the current stock price and rationalize why it hasn't decreased significantly?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Explain the current stock price and rationalize why it
Reference No:- TGS02792335

Expected delivery within 24 Hours