LSE gets deal sup­port

Scottish Daily Mail - - City & Finance -

ShARe­hOLD­eRS have ap­proved Lon­don Stock ex­change’s £22bn takeover of Refini­tiv.

More than 99pc of in­vestors at the an­nual gen­eral meet­ing backed the deal to buy the data provider.

LSe said it was ‘on track’ to com­plete the ac­qui­si­tion dur­ing the se­cond half of 2020, with bankers, lawyers and other ad­vis­ers ex­pected to pocket more than £280m in fees for the deal.

Refini­tiv is backed by pri­vate equity firm Black­stone and me­dia group Thom­son Reuters, and its pur­chase is ex­pected to help trans­form the LSe into a ri­val to US gi­ant Bloomberg.

LSe chief ex­ec­u­tive David Sch­wim­mer said the deal would in­crease the com­pany’s pres­ence in the US.

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