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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
London Stock Exchange Group Plc | LSE:LSEG | London | Ordinary Share | GB00B0SWJX34 | ORD SHS 6 79/86P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
106.00 | 1.17% | 9,162.00 | 9,178.00 | 9,180.00 | 9,182.00 | 9,040.00 | 9,050.00 | 738,429 | 16:35:27 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Admin-gen Economic Programs | 8.06B | 761M | 1.4061 | 65.29 | 49.68B |
By Kyle Morris
London Stock Exchange Group PLC said Monday that it has agreed to divest BETA+ to Clearlake Capital Group LP and Motive Partners for $1.10 billion and that it anticipates returning a significant proportion of the proceeds to shareholders through a buyback.
The stock-exchange and financial-information company said that the transaction for BETA+, which comprises BETA, Maxit and Digital Investor, is expected to complete in the second half of 2022.
A significant portion of the net proceeds are expected to be returned to shareholders through a buyback, it said, adding that it will continue to support organic and inorganic growth opportunities. Further detail will be announced in due course with any buyback likely to begin in the third quarter, it said.
London Stock Exchange also said that it has entered a new long-term strategic partnership for data, content and tools with BETA+ and portfolio companies owned by Motive and Clearlake.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
March 21, 2022 08:00 ET (12:00 GMT)
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