NY-based investment firm Blackstone Group Inc., world’s largest alternate asset management company with more than $472 billion in asset under management, was expected to announce a potential merger deal for its majority-owned financial data analytics firm Refinitiv with London Stock Exchange Group Plc., owner of London Stock exchange and all of Russel indexes, as early as by August 1st, however, the deal would likely to witness a long antitrust review before it could be completed, as least four sources familiar with the situation said on Sunday, the 28th of July 2019.
In point of fact, news of a latest dispute on London Stock Exchange’s $27 billion takeover deal for the UK-based financial data analytics firm Refinitiv, came forth a few days after a Financial Times report had first revealed the news later on last Thursday (July 25th).
Besides, London Stock Exchange’s roughly $27 billion takeover bid for Refinitiv was brought into light less than a year after Blackstone Group Inc. had purchased a 55 percent stake of the UK-based financial data analytics firm from multinational information company Thomson Reuters Corp., the parent organization of Reuters News, currently holding a 45 percent stake of Refinitiv.
Nonetheless, one of the four sources briefed on the subject-matter had been quoted saying on Sunday (July 28th) in terms of anonymity that despite an initial agreement reached among the board members of Blackstone, London Stock Exchange and Thomson Reuters Corp.
over this weekend to hold forth with a merger accord worth of $27 billion, an announcement of the proposed deal might be delayed amid possibilities of long anti-trust reviews.