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Refinitiv, LSE Deal Likely to be Finalized Within a Week: Rtrs

Polina Noskova
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Refinitiv, LSE Deal Likely to be Finalized Within a Week: Rtrs

(Bloomberg) -- Refinitiv and LSE’s merger is expected to be finalized within a week, Reuters reported, citing unnamed sources. The merger is expected to go through an “in-depth” antitrust review of up to 18 months in Europe and the United States.

Refinitiv investors will have three seats on the LSE board, two for Blackstone Group, one for Thomson Reuters Refinitiv CEO David Craig will continue leading the financial data firm as an independent brand within LSE Blackstone, other Refinitiv investors will face several share lock-up periods, first expected to last through 2022, depending on the antitrust review length A formal announcement for the deal could come on August 1, when LSE publishes its half-year results, two sources told Reuters “This is like a reverse buy-and-build strategy,” one source told Reuters Thomson Reuters, Refinitiv, Blackstone and LSE representatives declined to comment to Reuters Bloomberg LP, the parent of Bloomberg News, competes with Refinitiv to provide financial news, data and information NOTE: July 26, London Stock Exchange Confirms Talks to Acquire Refinitiv (1)

To contact the reporter on this story: Polina Noskova in New York at pnoskova@bloomberg.net

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