Important: This issue is now closed with the fix indicated below. For more information on other recent issues for your application, see Fixes or workarounds for recent Office issues.
Last Updated: October 26, 2017
Nothing happens when you check the option to resize shape to fit text.
This issue is now fixed in Monthly Channel Version 1709 (Build 8528.2147) or higher. To get the latest update immediately, open any Office 2016 app and choose File > Account > Update Options > Update Now.
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