LSEG-Refinitiv: The Day After08.02.2019 By Giulia Baldini
London Stock Exchange Group announced its $27 billion bid for Refinitiv yesterday. What is the Twitterverse saying about the deal?
For one, the buy side is a target demographic.
LSE chief wants Refinitiv deal to boost its standing with fund managers (Financial News)($) https://t.co/w5wOjHQcwO
— TabbFORUM (@TabbFORUM) August 2, 2019
The deal is a boon for Refinitiv bondholders, as LSEG has a stronger credit rating.
LSE's $27 billion deal rehabilitates Refinitiv debt… https://t.co/UZ1tS7PAPU
— Larry Soto (@LarrySoto) August 2, 2019
The combined company will make a splash in the new-issue market.
— Laura Benitez (@lauralevfinance) August 2, 2019
Regulators are being asked to review whether the combination will boost market data costs.
— Jeroen Dossche (@jeroendossche) August 2, 2019
For London, the deal is a bullish move amid the bearish backdrop of Brexit.
— Amar Bheenick (@amarbheenick) August 2, 2019
A recurring theme is that LSEG-Refinitiv is very much a data-driven deal.
LSE/Refinitiv: Panning for Gold in Financial Flotsam & Jetsam – TabbFORUM https://t.co/QrBirjOggw
— Peter Macaluso (@PeterMacaluso2) August 2, 2019
Lots of accolades on the deal this week, but integration won’t be easy…
Test awaits LSE when euphoria over $27bn Refinitiv deal passes | Financial Times https://t.co/ejPxvFqb7i
— John Lothian (@JohnLothian) August 2, 2019
…Hence Friday’s stock market action.
LSE shares down 3 per cent today. Nice to see a bit of a reality check. My col on the exuberant reaction to the stock exchange's Refinitiv deal, Shell's missed targets, relief at Capita and a Just Eat bid lacking sauce. https://t.co/ZfRYFf0e4T
— Alistair Osborne (@aliosborne20) August 2, 2019