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LSEG London Stock Exchange Group Plc

9,162.00
106.00 (1.17%)
03 May 2024 - Closed
Delayed by 15 minutes
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

London Stock Exchange Group to Divest BETA+ for $1.1 Billion; Anticipates Share Buyback

21/03/2022 12:15pm

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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)

Copyright (c) 2022 Dow Jones & Company, Inc.

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