LSE gets deal support
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.