Thomson Reuters Announces Sale Of 17.3M London Stock Exchange Group Shares At A Price Of £91.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
Thomson Reuters (NYSE:TRI) and Blackstone have sold 17.3 million shares of London Stock Exchange Group (LSEG) at £91.50 per share. Thomson Reuters will receive approximately $0.5 billion in pre-tax net proceeds and will no longer hold any interest in LSEG.
May 15, 2024 | 12:20 pm
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Thomson Reuters has sold its remaining shares in London Stock Exchange Group, netting approximately $0.5 billion in pre-tax proceeds. This marks the company's complete exit from LSEG.
The sale of LSEG shares will provide Thomson Reuters with significant liquidity, which could be used for other strategic investments or to strengthen its balance sheet. The complete exit from LSEG also simplifies its investment portfolio.
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