We decided to offer 85 percent of the present value of the financial and risk business in return for a 55 percent stake. Thomson Reuters would get cash for almost the entire business yet keep nearly half of it to share in its future growth. We and our co-investors, the Canada Pension Plan Investment Board and GIC, Singapore’s sovereign wealth fund, would become the new majority shareholders, with Blackstone maintaining operational control. This arrangement would be a strategic partnership, not an outright sale, thereby avoiding the need for a shareholder vote.
