Data Could Be Achilles Heel For $27B LSE-Refinitiv Deal
Law360 (August 1, 2019, 8:56 PM EDT) -- The London Stock Exchange and Refinitiv will have to convince numerous authorities to allow their $27 billion tie-up, and although the agreement might not present significant antitrust issues, there are other potential hurdles that could trip the transaction up, including concerns related to the merged entity's vast trove of financial data.
The agreement between the two companies, announced Thursday, will see the London Stock Exchange picking up private equity-backed Refinitiv for $27 billion, including debt. Because the LSE is the only one of the two companies that's a stock exchange — Refinitiv is a financial data and risk business — the...
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