Thomson Reuters To Sell Intellectual Property, Science Business For $3.6 Billion - Thomson Reuters (NYSE:TRI)

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

As reported by Business Insider Monday, Thomson Reuters Corp (NYSE: TRI), the parent company of Reuters news, announced about its agreement to sell its intellectual property and science business ("which provides intellectual property and scientific information and associated tools and services to governments, universities and companies") to private equity firms ONEX Corporation and Baring Private Equity Asia for $3.55 billion in cash.

$1 billion from the total sale price will be used for share buybacks, debt repayment and investments in its other businesses.

Did you like this article? Could it have been improved? Please email feedback@benzinga.com to let us know!

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!