Looks like next week
https://www.lseg.com/resources/media-centre/press-releases/statement-regarding-press-speculation
10 replies (most recent on top)
Does this mean more layoffs to come for US?
My thought is that buying Refinitiv is a part of LSE preparations to no-deal Brexit. Wanting to use their assets while they still got some value.
@10fTOzfU-3efr - "Readers meanwhile sneered at Refinitiv’s cheap and cheerful desktop offer, a Vauxhall Astra to Bloomberg’s Mercedes."
More like a Tata Nano.
https://www.ft.com/content/9eb10b78-b108-11e9-8cb2-799a3a8cf37b
@10fTOzfU-2yuv - So it's not a step in the right direction.
According to Bloomberg:
"Refinitiv CEO David Craig will continue leading the financial data firm as an independent brand within LSE"
If it leads to the departure of the empty suits at the top, it can't help but be a step in the right direction.
would you buy this company?
with what plan in mind; as a going concern seems hard to fathom;
lse stock is up 42% since mid december;
stock deal is rumored...
it'll create an add'l 350m cost savings (did blackstone leave sc-aps on the table)?
lse buying earnings; pe at 42; price will jump; Schwimmer's stock options skyrocket;
lesson from jimmy ling
LSE have a diverse portfolio including LCH. They also have a successful technology arm selling settlement solutions.
If anything if this sale were to go through it may actually call a halt to the asset stripping blackstone were so focused on and which would have seen the sale of all the risk assets.
RIP Risk business