Thomson Reuters Announced Today That It And Certain Investment Funds Affiliated With Blackstone Collectively Sold 35.0M London Stock Exchange Group Plc (LSEG) Shares For A Co-own Price Of £79.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
Thomson Reuters and certain Blackstone-affiliated investment funds have collectively sold 35.0 million shares of London Stock Exchange Group PLC (LSEG) at a price of £79.50 per share. The sale was conducted through a placement to institutional investors, an offer to retail investors, and includes approximately 9.5 million shares sold directly to LSEG in satisfaction of their previously announced intention to conduct a directed buyback of up to £750 million.
September 07, 2023 | 11:32 am
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NEUTRAL IMPACT
Thomson Reuters has sold a significant number of LSEG shares, potentially indicating a strategic shift or a need for liquidity. This could impact investor sentiment.
The sale of a significant number of shares by Thomson Reuters could be interpreted in several ways by investors. It could indicate a strategic shift away from LSEG, or it could suggest a need for liquidity. Either way, it's a significant move that could impact investor sentiment and the stock's performance in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100