LSE Announces £938M Rights Issue to Fund Russell Acquisition
The exchange says the rights issue will be made on the basis of three new shares at £12.95 ($21.48) for every 11 existing shares, with 74,347,813 new shares offered.
The underwriters of the deal are Barclays, RBC Capital Markets, Deutsche Bank, J.P. Morgan Cazenove, Banca IMI, Banco Santander, HSBC and Mitsubishi UFJ Securities.
The acquisition is aimed at diversifying the exchange's revenue streams and expanding into the US market thanks to the creation a global index business with more than $9
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