01 Aug 2019 Test awaits LSE when euphoria over $27bn Refinitiv deal passes
The UK stock exchange group’s purchase of data and trading group has been welcomed, but execution will be key
David Schwimmer, the chief executive of the London Stock Exchange Group, could hardly have written a better script. The company’s $27bn acquisition of Refintiv, the financial data and trading group that includes the Eikon terminals and a stake in bond-trading platform Tradeweb, has enjoyed an almost rapturous reception from investors. Since the Financial Times first revealed the LSE was closing in on the deal a week ago, shares in the more than 300 year-old exchange have surged 24 per cent. “The market has voted with their cheque books,” said Andy Nybo of Burton-Taylor International Consulting, a division of TP ICAP.
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