HighQ strengthens its legal offerings

Article Excerpt

THOMSON REUTERS CORP. $88 (Toronto symbol TRI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares o/s: 500.5 million; Market cap: $44.0 billion; Price-to-sales ratio: 7.9; Divd. yield: 2.2%; TSINetwork Rating: Above Average; www.thomsonreuters.com) now focuses on the legal, and tax and accounting fields following the sale of 55% of its Refinitiv financial information business on October 1, 2018, for $17 billion (all amounts except share price and market cap in U.S. dollars). It also continues to operate its Reuters news service As part of its new strategy, Thomson is buying full control of U.K.-based HighQ Solutions Ltd. for an undisclosed amount. That privately held firm provides cloud-based software services to over 400 businesses, including 100 top law firms. HighQ’s products make it easier for them to securely share documents with clients and other firms. The new operations also look like a good fit with Thomson’s other legal information businesses. Thomson Reuters is a buy. buy. …

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