The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The LSE and Russell Near the $2.8B Finish Line Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 12, 2014

The LSE and Russell Near the $2.8B Finish Line

News summary by MFWire's editors

It looks like this deal may actually happen.

The Financial Times reports that the London Stock Exchange is close to buying Russell for $2.8 billion.

FT reporters Ed Hammond, Neil Hume, Arash Massoudi and Philip Stafford report that both sides have reached a tentative agreement on the price as well as the structure of the deal, citing anonymous sources. They also report that these sources say that an announcement about the deal is slated for later this month.

However, the FT reporters warn, the talks are still ongoing and the price mix of debt and equity to fuel the deal has yet to be decided.

News of the deal first broke in May. It would be the biggest deal yet for the LSE, which has proven itself a master in equity deals.

The deal would be a giant leap for the LSE, providing the exchange operator an invasion force into the U.S. with a solid offering of index products. It may also encourage other exchange operators and foreign players to enter the American asset management mix.

However, the FT reporters cite a source who warns that a number of details have to be ironed before this deal is certain.  

Edited by: Tommy Fernandez

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use