It expects to receive $2.3 billion in net proceeds from the deal and will return about $2 billion to shareholders through a combination of special dividends and buybacks. It plans to fund the deal with cash on hand and committed debt financing. The unit generated $375 million in revenue in 2020. The deal is expected to close in the third quarter of 2021, the company said. Reporting by Stephen Nellis and Noor Zainab Hussain; Editing by Ramakrishnan M.Our Standards: The Thomson Reuters Trust Principles.
The deal details are pending.
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The deal details are pending .
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