LONDON: London Stock Exchange Group (LSEG) today announced that 11 leading global banks have agreed to invest in its Post Trade Solutions business, taking a 20% stake. The investing banks will each become shareholders in Post Trade Solutions, acquiring the stake for aggregate cash consideration of £170 million, valuing the whole of Post Trade Solutions at £850 million….
Tag: LSEG
Johnson & Johnson to spin off orthopedics unit named DePuy Synthes
NEW BRUNSWICK: Johnson & Johnson said Tuesday it plans to separate its orthopedics business into a standalone company named DePuy Synthes within the next 18 to 24 months, marking its second major spinoff in two years. The move comes as the health-care conglomerate raised its 2025 product revenue forecast to a range of $93.5 billion…
LSEG acquires Refinitiv for $27bn to become largest global FMI provider
LONDON: London Stock Exchange Group plc (LSEG) has agreed definitive terms with a consortium including certain investment funds affiliated with Blackstone as well as Thomson Reuters to acquire the Refinitiv business in an all share transaction for a total enterprise value of approximately US$27 billion. Blackstone’s consortium includes an affiliate of Canada Pension Plan Investment…