The market’s positive reaction to London Stock Exchange Group Plc’s planned $27 billion takeover of Refinitiv is a sign investors think the U.K. bourse is getting a great deal. If that’s right, couldn’t buyout firm Blackstone Group LP, which is selling the data provider, drive a harder bargain?
London Stock Exchange shares jumped as much as 16% on Monday morning, adding 3.1 billion pounds ($3.8 billion) to the group’s market value. One interpretation is that investors think the company is paying a low price for the former Financial & Risk division of Canadian information group Thomson Reuters Corp. (Bloomberg LP, the parent of Bloomberg News, competes with Refinitiv in providing financial news, data and information.)
