LSE shares go sky-high as $27 billion Refinitiv acquisition looms

LSE shares go sky-high as $27 billion Refinitiv acquisition looms

 

London Stock Exchange (LSE) Group shares escalated to a sky-high 15.3% on Monday, revved up by its bid to acquire financial data firm in Refinitiv Holding Ltd. for $27 billion and a chance to expand its market influence at a global scale. 

Economy analysts and investors share the same insight that LSE’s merge with Refinitiv is definitely a strategic move that will wipe out doubts of possible big financial risk as previous market tie-ups failed.

The tie-up of LSE and Refinitiv is considered a big threat to Bloomberg, the main source of fund managers in recent years. It will also give LSE a reputation of becoming a big information services entity.

Refinitiv is currently owned by Blackstone Group Inc. as it bought a majority share from Thomson Reuters via $20 billion buyout while it still holds 45% shares in Refiinitiv.

Sources said that the deal might be announced this week. 

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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