Thomson Reuters/Blackstone Consortium Sells 35 Million London Stock Exchange Group Shares
07 September 2023 - 10:22PM
Dow Jones News
By Adriano Marchese
Thomson Reuters said Thursday it has sold more of the shares it
co-owns in London Stock Exchange Group which should net the company
about $1.5 billion in pretax proceeds.
The Canadian media conglomerate said it and certain investment
funds affiliated with Blackstone collectively sold 35 million
shares in LSEG that they co-own at a price of 79.50 British pounds
($99.43) a share.
Of those shares, about 15 million were indirectly owned by
Thomson Reuters, and will have about 16.9 million LSEG shares
remaining.
The sale of shares was conducted by way of a placement to
institutional investors and an offer to retail investors, but 9.5
million shares were directly sold to LSEG which was part of their
own buyback program.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
September 07, 2023 08:07 ET (12:07 GMT)
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