LSEG to try data push through Refinitiv deal

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By Jasper Cox, Karoliina Liimatainen
29 Jul 2019

The London Stock Exchange Group declared on Monday it is interested in buying market data and infrastructure firm Refinitiv for $27bn, a purchase that would give it added clout in data and analytics. Refinitiv’s bonds — notorious in the high yield market for their structure — and LSEG’s shares moved up on the news.

The stock exchange company is in talks with Refinitiv’s owners: a Blackstone consortium and Thompson Reuters. LSEG would buy the firm for $27bn through issuing new shares, and Refinitiv owners would end up with around 37% of the enlarged group and less than 30% of total voting rights.

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