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LSE Investors Bless $27 Billion Refinitiv Deal in Key First Test

Nov. 26, 2019, 1:45 PM

London Stock Exchange Group Plc won shareholder approval for its acquisition of data firm Refinitiv, keeping the bourse on track to close the $27 billion deal next year.

Shareholders voted overwhelmingly to proceed with the transformational deal at a general meeting in London on Tuesday, with more than 99% in favor. The green light allows the exchange to move on from its Hong Kong rival’s recent unsolicited takeover bid and seek regulatory approval for the purchase.

LSE is betting on a future dominated by data as the three-century-old exchange seeks to create global scale in fast-growing markets such as Asia....

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