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Thomson Reuters (TRI) Stock Rising on IP and Science Unit Sale

NEW YORK (TheStreet) -- Thomson Reuters (TRI) stock is up 0.64% to $41.15 after the company announced the sale of part of its business to Onex (ONEXF) and Baring Private Equity Asia.

The New York-based news and information company plans to sell its intellectual property and science business to the two private equity firms for $3.55 billion.

The business provides intellectual property and scientific information to governments, universities and companies. In 2015, the unit brought in about 8% of the company's $12.2 billion revenue.

Thomson Reuters has been looking to sell the...


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