London Stock Exchange to Close Refinitiv Acquisition on Jan 29
- The news comes after European Commission, which oversees competition policy in the 27-nation bloc, approved the deal in December

London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the financial market and some of the most visible entities in the entire industry. Nearly every developed country boasts a domestic stock exchange, with many varying in importance and size.The largest stock exchanges in the world as of May 2020 include the New York Stock Exchange (NYSE), NASDAQ, Tokyo Stock Exchange, Hong Kong Stock Exchange, London Stock Exchange, EURONEXT, and Shenzen Stock Exchange. What Functions Do Stock Exchanges Perform?Stock exchanges have a variety of utility within the modern financial system. As its name suggests, a stock exchange is often the most important component of a stock market.Another crucial element of stock exchanges is the prevalence of initial public offerings (IPOs) of company stocks and bonds to investors. This is performed in both the primary market and subsequent trading the secondary market.Not any company or entity can be included on a stock exchange. To be able to trade a security on a certain exchange requires the listing of specific securities. Trading on an exchange is restricted to certified brokers who are members of the exchange. The traditional image of crowded trading floors has waned in recent years to include other various other trading venues.This includes electronic communication networks, alternative trading systems and "dark pools" which have ultimately seen the migration of trading activity away from traditional stock exchanges. A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the financial market and some of the most visible entities in the entire industry. Nearly every developed country boasts a domestic stock exchange, with many varying in importance and size.The largest stock exchanges in the world as of May 2020 include the New York Stock Exchange (NYSE), NASDAQ, Tokyo Stock Exchange, Hong Kong Stock Exchange, London Stock Exchange, EURONEXT, and Shenzen Stock Exchange. What Functions Do Stock Exchanges Perform?Stock exchanges have a variety of utility within the modern financial system. As its name suggests, a stock exchange is often the most important component of a stock market.Another crucial element of stock exchanges is the prevalence of initial public offerings (IPOs) of company stocks and bonds to investors. This is performed in both the primary market and subsequent trading the secondary market.Not any company or entity can be included on a stock exchange. To be able to trade a security on a certain exchange requires the listing of specific securities. Trading on an exchange is restricted to certified brokers who are members of the exchange. The traditional image of crowded trading floors has waned in recent years to include other various other trading venues.This includes electronic communication networks, alternative trading systems and "dark pools" which have ultimately seen the migration of trading activity away from traditional stock exchanges. Read this Term today said it expects to close its proposed $27 billion acquisition of financial data provider, Refinitiv on 29 January 2021. The mega-merger is still subject to additional regulatory approvals, but the LSEG expects the green light from outstanding scrutiny and merger control shortly.
The news comes after the European Commission, which oversees competition policy in the 27-nation bloc, approved the all-stock deal back in December.
The EU antitrust watchdog said its investigation had raised a number of concerns about the deal, but these issues could be addressed by a number of remedies.
Additionally, Regulators cited the complexity and the massive amount of data involved in the deal, which would result in a “very large combined market share” in the electronic trading of European government bonds. And, as Refinitiv and LSE have been leading venues, close rivals in this space, it initially suggested that it will be difficult for a new trading venue to attract clients in sufficient numbers and become a real alternative to their combined business.
European competition authorities, which had previously proved to be an obstacle for cross-border alliances, had been concerned that the tie-up would give the combined entity too much control over market data. To ease such concerns, LSE agreed to offer its global OTC derivatives clearing services on an open-access basis, among other remedies.
Refinitiv To Become Biggest Shareholder in LSE
Both UK and US regulators cleared the all-stock deal, which was revealed in August 2019. The Committee on Foreign Investment in the United States (CFIUS) said the takeover does not raise any national security concerns. Moreover, the City watchdog gave the purchase offer’s circular its backing, and LSEG’s shareholders have overwhelmingly voted in favor of the institution’s planned buyout that will put them in competition with giants like Bloomberg.
Under the terms of the deal, the Blackstone-led Refinitiv will own 37 percent of the combined group, while its former owner, Thomson Reuters, will be holding a 15 percent stake. It would become the biggest shareholder in the London exchange, with the right to name three directors.
LSE said there is a lot of overlap with Refinitiv in areas including technology, property and corporate functions, which allows for combining the data generated by the exchange with Refinitiv’s distribution and analytics.
Furthermore, the takeover helped strengthen Thomson Reuters’ profit metrics due to the positive revaluation of warrants that the company holds in Refinitiv after LSEG’s offer.
London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the financial market and some of the most visible entities in the entire industry. Nearly every developed country boasts a domestic stock exchange, with many varying in importance and size.The largest stock exchanges in the world as of May 2020 include the New York Stock Exchange (NYSE), NASDAQ, Tokyo Stock Exchange, Hong Kong Stock Exchange, London Stock Exchange, EURONEXT, and Shenzen Stock Exchange. What Functions Do Stock Exchanges Perform?Stock exchanges have a variety of utility within the modern financial system. As its name suggests, a stock exchange is often the most important component of a stock market.Another crucial element of stock exchanges is the prevalence of initial public offerings (IPOs) of company stocks and bonds to investors. This is performed in both the primary market and subsequent trading the secondary market.Not any company or entity can be included on a stock exchange. To be able to trade a security on a certain exchange requires the listing of specific securities. Trading on an exchange is restricted to certified brokers who are members of the exchange. The traditional image of crowded trading floors has waned in recent years to include other various other trading venues.This includes electronic communication networks, alternative trading systems and "dark pools" which have ultimately seen the migration of trading activity away from traditional stock exchanges. A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the financial market and some of the most visible entities in the entire industry. Nearly every developed country boasts a domestic stock exchange, with many varying in importance and size.The largest stock exchanges in the world as of May 2020 include the New York Stock Exchange (NYSE), NASDAQ, Tokyo Stock Exchange, Hong Kong Stock Exchange, London Stock Exchange, EURONEXT, and Shenzen Stock Exchange. What Functions Do Stock Exchanges Perform?Stock exchanges have a variety of utility within the modern financial system. As its name suggests, a stock exchange is often the most important component of a stock market.Another crucial element of stock exchanges is the prevalence of initial public offerings (IPOs) of company stocks and bonds to investors. This is performed in both the primary market and subsequent trading the secondary market.Not any company or entity can be included on a stock exchange. To be able to trade a security on a certain exchange requires the listing of specific securities. Trading on an exchange is restricted to certified brokers who are members of the exchange. The traditional image of crowded trading floors has waned in recent years to include other various other trading venues.This includes electronic communication networks, alternative trading systems and "dark pools" which have ultimately seen the migration of trading activity away from traditional stock exchanges. Read this Term today said it expects to close its proposed $27 billion acquisition of financial data provider, Refinitiv on 29 January 2021. The mega-merger is still subject to additional regulatory approvals, but the LSEG expects the green light from outstanding scrutiny and merger control shortly.
The news comes after the European Commission, which oversees competition policy in the 27-nation bloc, approved the all-stock deal back in December.
The EU antitrust watchdog said its investigation had raised a number of concerns about the deal, but these issues could be addressed by a number of remedies.
Additionally, Regulators cited the complexity and the massive amount of data involved in the deal, which would result in a “very large combined market share” in the electronic trading of European government bonds. And, as Refinitiv and LSE have been leading venues, close rivals in this space, it initially suggested that it will be difficult for a new trading venue to attract clients in sufficient numbers and become a real alternative to their combined business.
European competition authorities, which had previously proved to be an obstacle for cross-border alliances, had been concerned that the tie-up would give the combined entity too much control over market data. To ease such concerns, LSE agreed to offer its global OTC derivatives clearing services on an open-access basis, among other remedies.
Refinitiv To Become Biggest Shareholder in LSE
Both UK and US regulators cleared the all-stock deal, which was revealed in August 2019. The Committee on Foreign Investment in the United States (CFIUS) said the takeover does not raise any national security concerns. Moreover, the City watchdog gave the purchase offer’s circular its backing, and LSEG’s shareholders have overwhelmingly voted in favor of the institution’s planned buyout that will put them in competition with giants like Bloomberg.
Under the terms of the deal, the Blackstone-led Refinitiv will own 37 percent of the combined group, while its former owner, Thomson Reuters, will be holding a 15 percent stake. It would become the biggest shareholder in the London exchange, with the right to name three directors.
LSE said there is a lot of overlap with Refinitiv in areas including technology, property and corporate functions, which allows for combining the data generated by the exchange with Refinitiv’s distribution and analytics.
Furthermore, the takeover helped strengthen Thomson Reuters’ profit metrics due to the positive revaluation of warrants that the company holds in Refinitiv after LSEG’s offer.