Deals
LSE’s $27 Billion Refinitiv Deal Creates Trading Powerhouse
- Shares jumped about 8% as it outlines details of transaction
- Exchanges operator will take on a $13.5 billion bridge loan
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London Stock Exchange Group Plc agreed to snap up Refinitiv in a $27 billion blockbuster deal, betting on a future dominated by data as the three-century-old exchange seeks to extend its global reach.
Shares in LSE rose as much as 8% after the exchange operator unveiled details of the transaction for the data and trading provider, which Chief Executive Officer David Schwimmer said fulfilled his ambitions to expand the group further into analytics and the buy-side industry.