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Deutsche Boerse Sees Refintiv Talks Failing After LSE Plans

William Wilkes
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Deutsche Boerse Sees Refintiv Talks Failing After LSE Plans

(Bloomberg) -- Deutsche Boerse AG expects talks to buy some of Refinitiv’s foreign exchange business units to fail after the London Stock Exchange Group Plc said it wants to acquire the entire financial data and trading platform provider.The German stock exchange operator said in a brief statement that it doesn’t expect a successful completion of talks with Refinitiv after learning LSE was planning to acquire Refinitiv in a $27 billion deal that would boost the U.K. firm’s fastest-growing business.News of the LSE talks with Refinitiv emerged on Friday. A deal could be announced as soon as next week, according to people familiar with the situation who asked not to be identified because the discussions are private.To contact the reporter on this story: William Wilkes in Frankfurt at wwilkes1@bloomberg.netTo contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net, Sara Marley, Andrew DavisFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

(Bloomberg) -- Deutsche Boerse AG expects talks to buy some of Refinitiv’s foreign exchange business units to fail after the London Stock Exchange Group Plc said it wants to acquire the entire financial data and trading platform provider.

The German stock exchange operator said in a brief statement that it doesn’t expect a successful completion of talks with Refinitiv after learning LSE was planning to acquire Refinitiv in a $27 billion deal that would boost the U.K. firm’s fastest-growing business.

News of the LSE talks with Refinitiv emerged on Friday. A deal could be announced as soon as next week, according to people familiar with the situation who asked not to be identified because the discussions are private.

To contact the reporter on this story: William Wilkes in Frankfurt at wwilkes1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net, Sara Marley, Andrew Davis

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.