The London Stock Exchange seeks approval from the EU to approve its $27B acquisition of Refinitiv, a prominent data and analytics company.
“The companies had initially planned to file the deal by March, after the U.K. quit the Eu but before the end of the Brexit transition period on Dec. 31. Filing now allows the EU to weigh the impact of the tie-up for all of the region, including the U.K.”
Aoife White, Bloomberg Reporter
The initial review deadline has been set for June 22, at which point, the EU’s merger control authority can decide to extend the investigation period or come to a decision on the deal.