London Stock Exchange Group to acquire Thomson Reuters’ Refinitiv?


Information giant Thomson Reuters (NYSE:TRI) has confirmed last Friday that it and private equity funds affiliated with Blackstone are in discussions related to a possible acquisition of Refinitiv by the London Stock Exchange Group plc (LSEG).

According to latest news, LSEG will acquire Refinitiv for a total enterprise value of approximately US$27 billion. New LSEG shares are contemplated to be issued as consideration in full for Refinitiv’s equity value, after adjusting for Refinitiv’s net debt and other adjustments.

The transaction would result in Thomson Reuters holding an approximate 15% stake in LSEG if completed.

The Refinitiv business is currently 55% owned by private equity funds managed by Blackstone and 45% by Thomson Reuters. Reuters News 30-year agreement signed last year with Refinitiv will continue if ownership of Refinitiv changes.

No comments have been given so far from all three parties, but LeapRate will continue to monitor the possible acquisition process.

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