Deals
LSE Seeks EU Antitrust Approval for $27 Billion Refinitiv Bid
- Merger filing had been delayed amid Covid-19 outbreak
- EU sets June 22 deadline to approve deal or extend probe
The Paternoster Square Column stands in the empty square outside the London Stock Exchange on April 9.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
London Stock Exchange Group Plc finally sought European Union approval of its $27 billion bid for data provider Refinitiv, kick-starting one of the most closely watched deal reviews of the year.
The EU’s merger control authority set an initial June 22 deadline for regulators to examine the deal, according to a website filing on Wednesday. The date is often extended if companies offer concessions or if the EU opens an in-depth probe, common for complicated data-heavy deals.