Investors and analysts said the Refinitiv deal would make strategic sense and come at an attractive price, while posing less regulatory risk than previous failed tie-ups in the sector.
Spokespeople for Bloomberg, Blackstone and Thomson Reuters all declined to comment. LSE and Refinitiv could not be reached for comment after hours. LSE’s shares surged 15.3% on Monday to close at a record 6,562 pence. Refinitiv’s bonds, issued when Blackstone bought Thomson Reuters’ Financial and Risk business to form Refinitiv, also rallied across the curve.
LSE rival Deutsche Boerse AG had been in talks to buy Refinitiv’s FX trading platform FXAll, but said on Saturday that the deal was unlikely to complete. “We are eager to hear more from management as to their quality and ability to integrate them,” Mike Fox, head of sustainable investments at RLAM, said in an email.LSE’s last attempt at a transformational deal collapsed in 2017 when European regulators blocked a tie-up with Deutsche Boerse due to concerns about overlaps in their bond-processing businesses.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: SA economy could be the winner if online gambling is legalisedOnly 40 casinos are legally licensed to operate in South Africa – the traditional kind, the brick and mortar type. All other casinos are considered outlaws – whether online and otherwise. But the black market doesn’t play by the rules. And its gamble is paying off, handsomely. DURITZ79 I struggle to see how taking more from the public is going to be a good thing, that said, a night at the casino can be fun
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Asset Bubbles to Zombie Companies: The Dark Side of Rate CutsWarren Buffett’s warning that you only learn who’s swimming naked when the tide goes out is hardly heard these days as waves of easy monetary policy wash over the world’s financial markets
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: U.K. Starts No-Deal Brexit Meetings as It’s Now a Real ProspectU.K. Prime Minister Boris Johnson’s high-level Brexit cabinet holds its first meeting Monday, and will gather every day to ensure the country leaves the European Union on Oct. 31.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Anglo American is backAnglo American’s interim results announcement on July 24 promised to be a fairly prosaic affair. But two pivotal events changed that. A surprising $1-billion share buyback was announced. And then came the decision by Indian tycoon Anil Agarwal to unwind his looming financial scheme in which he bought control over 20% of the company. Agarwal made a huge fortune from the bet, but the real winner is Anglo.
Source: dailymaverick - 🏆 3. / 84 Read more »