Trading

LSE wins resounding shareholder approval for $27bn Refinitiv deal

Shareholders overwhelmingly back the deal to create a global data and trading giant

LSE wins resounding shareholder approval for $27bn Refinitiv deal
Photo: Getty Images

The London Stock Exchange has won shareholder approval to proceed with its $27bn acquisition of Refinitiv, paving the way for its largest ever takeover and the creation of a data and trading giant.

The LSE said in a statement on November 26 that more than 99% of voting shareholders had approved the deal, which was agreed on August 1 — a date that also marked David Schwimmer’s first year as chief executive of the exchange.

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