Blackstone/Thomson Reuters Consortium Sells 28 Million London Stock Exchange Group Shares
March 08 2023 - 03:50AM
Dow Jones News
By Ian Walker
Morgan Stanley & Co. International PLC said Wednesday that
it has sold 28 million shares in London Stock Exchange Group PLC at
7,150 pence on behalf of the Blackstone/Thomson Reuters consortium,
more than originally planned.
Morgan Stanley said late Tuesday that it was planning to sell
23.0 million LSEG shares on behalf of York Holdings via a bookbuild
program. York Holdings is owned by a consortium that includes
Blackstone Inc. and Thomson Reuters.
The sale price is a 4% discount to Tuesday's closing price of
7,446.0 pence.
Following the sale Blackstone and Thomson Reuters own 38.1
million LSEG shares which are subject to a 90 day lock-up.
Dow Jones competes with Thomson Reuters in financial news and
information services.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
March 08, 2023 03:35 ET (08:35 GMT)
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