Reuters reveals LSE to win EU approval for $27 billion Refinitiv deal; market reacts | Reuters News Agency
Business & FinanceDeals

Reuters reveals LSE to win EU approval for $27 billion Refinitiv deal; market reacts

Reuters exclusively reported that the London Stock Exchange is set to win EU antitrust approval for its $27 billion takeover of data company Refinitiv, bolstering its footprint in a rapidly consolidating sector. The market for financial data has exploded with the advent of computer driven trading, triggering a rash of takeovers as companies seek to create one-stop shops to serve clients and get an edge over traditional rivals in supplying data, dubbed the new “oil”. 

Market Impact

LSE shares jumped as much as 12.6%, a gain of 10%, on the Reuters story.



Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Equities
Regions: EuropeNorth America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
LSE
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