The London Stock Exchange Group has hailed the “successful” integration of Refinitiv and shared plans to seek shareholder approval for a buyback directed towards the Blackstone/Thomson Reuters consortium stake.
According to the company's preliminary results for the year to 31 December 2022, the group will request shareholder consent in April to buy back £750m worth of shares from investors including former Refinitiv shareholders Blackstone and Thomson Reuters by April 2024. The buyback follows another £750m move carried out in 2022, of which the remaining £450m is due to be completed by July 2023. LSEG bought Refinitiv from the Blackstone and Thomson Reuters consortium for $27bn in 2017. CEO David Schwimmer said the company had successfully integrated Refinitiv and significantly improved its...
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