LSEG released this morning its numbers for Q2 19. But, most importantly, it confirmed its ambitions to acquire Refinitiv in an all-share transaction for a total enterprise value of c.$27bn. According to management, the deal will be 30% earnings accretive in the first year after completion (expected in H2 20). We have been buying (add at worst) LSEG for more than four years. We will adjust our numbers and maintain our Buy recommendation on the company.
01 Aug 2019
Transformational deal confirmed...
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Transformational deal confirmed...
London Stock Exchange Group plc (LSEG:LON) | 8,974 -4666.5 (-0.6%) | Mkt Cap: 48,065m
- Published:
01 Aug 2019 -
Author:
Farhad Moshiri -
Pages:
3
LSEG released this morning its numbers for Q2 19. But, most importantly, it confirmed its ambitions to acquire Refinitiv in an all-share transaction for a total enterprise value of c.$27bn. According to management, the deal will be 30% earnings accretive in the first year after completion (expected in H2 20). We have been buying (add at worst) LSEG for more than four years. We will adjust our numbers and maintain our Buy recommendation on the company.