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30.07.2019

LSE stocks hit record highs amid merger talks

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LSE has said negotiations for the deal are at an advanced stage. Refinitiv is owned by buyout fund Blackstone Group Inc and Thomson Reuters Corp.

The shares jumped over 15 per cent after the company said it was in talks to buy data analytics firm Refinitiv for $27bn

Stocks impacted: London Stock Exchange Group Plc (LSE), Blackstone Group Inc (BX), Thomson Reuters Corp (TRI)

There are reports that the deal could be announced this week. As a reminder, Refinitiv is one of the world's biggest providers of data such as share price information for traders. The acquisition by LSE will create a giant with turnover of £6 billion a year and it will be the only real rival to data company Bloomberg. However, the plan could be blocked as a result of the decision by competition watchdogs in London and Brussels that may launch an investigation within days examining whether the deal could concentrate too much power in the hands of one company.

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