On Wednesday, a bookrunner said that Blackstone BX.N and Thomson Reuters TRI.TO sold 33 million London Stock Exchange Group LSEG.L shares for 2.7 billion pounds ($3.41 billion).
The placing, upsized from 28 million, was at 8,050 pence per share, 5% below LSEG’s closing price.
LSEG fell 5.1% to 8038 pence early on.
Blackstone and Thomson Reuters sold $2 billion in March after selling Refinitiv to the exchange operator in 2021.
“The balance of approximately 5.1 million voting ordinary shares owned indirectly by Blackstone and Thomson Reuters not sold in the Placing or the Retail Offer are subject to a 90-day lock-up,” said Barclays, one of the investment banks coordinating the transaction.
Thomson Reuters owns Reuters.
Comment Template