LSE and Refinitiv – all share transaction

The London Stock Exchange (LSE) has today announced that it has agreed to acquire the Refinitiv business in all share transaction. The deal, the economic value of 27 billion dollars, will form a new global data and analytics company with combined annual revenue of 6 billion pounds.

The Refinitiv shareholders will get 37 % of the economic interest in LSEG and less than 30 % of the total coming rights of LSEG. The company will has its headquarter in London and will remain in compliance with the UK Corporate Governance Code.

The Stock Exchange says that the annual growth rate for the first three years would be 5-7 % annually and would mean also synergies in the cost savings.

The shareholder meeting of the transactions is expected to before the year end and the completion of the deal is expected to occur during the second half of 2020.

The shares of London Stock Exchange rose 6 % to 7024 pounds in today’s trading.

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