U.S. buyout fund Blackstone Group Inc is expected to announce the merger of its ...
LONDON - U.S. buyout fund Blackstone Group Inc is expected to announce the merger of its majority-owned financial data firm Refinitiv with the London Stock Exchange Group Plc within a week, but the deal is expected to face a long antitrust review before it can close, four sources told Reuters.
Thomson Reuters spokesman David Crundwell declined to comment. Representatives at Refinitiv, Blackstone and the LSE also declined to comment. Investor groups in Europe have been lobbying for stock exchanges to cut the price of stock transactions data so that a “consolidated” feed of prices from different platforms can be created at a reasonable cost.Blackstone and other Refinitiv investors will also face several share lock-up periods, with the first expected to last through 2022, depending on the length of the antitrust review.
If successful, Blackstone will have roughly doubled the value of its original investment in Refinitiv in nine months.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
LSE in talks to combine with Refinitiv: sourceThe London Stock Exchange Group Plc is in talks to combine with Refinitiv, less ...
Leer más »
Blackstone’s quick data flip is a paper two baggerLess than 12 months after buying Thomson Reuters’ financial data unit, the buyout firm is in talks to sell Refinitiv to London Stock Exchange in a $27 bln deal. There are risks, notably what Brexit could do to LSE shares, but an implied money doubling provides plenty of cushion.
Leer más »
LSE in talks to combine with Refinitiv: sourceThe London Stock Exchange Group Plc is in talks to combine with Refinitiv, less ...
Leer más »
LSE's bid for Refinitiv spotlights quest for data, globalityLondon Stock Exchange Group Plc's planned purchase of Refinitiv in a $27 bi...
Leer más »
London Stock Exchange in talks to combine with Refinitiv in a $20 billion dealThe London Stock Exchange is in talks to combine with financial data analytics and trading platform Refinitiv
Leer más »
'It will be fascinating': Silicon Valley faces an antitrust reckoningIt's been decades, at least, since such a wide array of major players across an industry have faced this kind of scrutiny at once.
Leer más »