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.
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