News
        The Renewal Exchange agreed to buy Lufford for $27 billion


 bearing in stock

if you are interested in it , Get free samples :sales@edabearings.com

The London Stock Exchange Group (LSE.L) announced on Thursday that it agreed to buy Refinitiv Holdings Ltd., a financial data analysis provider, a $27 billion acquisition that will help transform the London Stock Exchange into a market data and analysis giant.
Ten months ago, a consortium led by BX.N, a US private direct investment company, completed a leveraged buyout of Lufford and acquired a majority stake in Lufford from Thomson Reuters Corp. (TRI.TO). According to a person familiar with the deal, the sale of Lufut to LSE would double Blackstone's original investment value.
The acquisition was originally announced last week that under the acquisition agreement, Luft shareholders would eventually own about 37% of LSE, but less than 30% of the voting rights.
Earlier, LSE reported an 8% increase in total revenue in the first half of the year.
The merged group will continue to be led by Don Robert, current chairman of LSE and David Schwimmer, executive director. David Craig will join the Executive Board of LSE and continue to serve as CEO of Lufford.
For LSE, the deal will transform it into a major distributor and creator of financial market data and a competitor for Bloomberg.


PREVIOUS:Japan and South Korea still have differences in trade        NEXT:Britain will spend an additional $2.6 billion