Cambridge-based business could be valued at up to £500m and is boost for UK after some companies switched listings
A consortium of London Stock Exchange Group's investors sold 1.6 billion pounds ($2 billion) worth of shares in the company, bookrunner Morgan Stanley said on Wednesday, in a deal that ends Thomson Reuters' interest in the firm. The consortium has sold an aggregate of approximately 17.3 million voting ordinary shares at a price of 9,150 pence a share via a placing to institutional investors and a separate offer to retail investors. As a result of the sales, Thomson Reuters will no longer hold any interest in LSEG and the Relationship Agreement will terminate in accordance with its terms, the bookrunner said.
A consortium of London Stock Exchange Group's investors sold 1.6 billion pounds ($2 billion) worth of shares in the company, bookrunner Morgan Stanley said on Wednesday, in a deal that ends Thomson Reuters' interest in the firm. The consortium has sold an aggregate of approximately 17.3 million voting ordinary shares at a price of 9,150 pence a share via a placing to institutional investors and a separate offer to retail investors. As a result of the sales, Thomson Reuters will no longer hold any interest in LSEG and the Relationship Agreement will terminate in accordance with its terms, the bookrunner said.