Thomson Reuters (TRI) announced that it and certain investment funds affiliated with Blackstone (BX) collectively sold 17.3M London Stock Exchange Group PLC shares that they co-own for a price of GBP 91.50 per share. The sale was conducted through a placement to institutional investors and an offer to retail investors. Following the settlement of the transaction, Thomson Reuters will no longer hold any interest in LSEG. Of the shares sold, approximately 4.3M shares were indirectly owned by Thomson Reuters. Upon the closing of the transaction, Thomson Reuters expects to receive pre-tax net proceeds of approximately $0.5B.
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