TORONTO, July 26, 2019 /CNW/ -- Thomson Reuters
(TSX/NYSE: TRI) confirms that it and private equity funds
affiliated with Blackstone are in discussions related to a possible
acquisition of Refinitiv by the London Stock Exchange Group plc
(LSEG) for a total enterprise value of approximately US$27 billion. New LSEG shares are contemplated
to be issued as consideration in full for Refinitiv's equity value,
after adjusting for Refinitiv's net debt and other
adjustments.
The parties anticipate that the transaction would result in
Thomson Reuters holding an approximate 15% stake in LSEG if
completed.
The Refinitiv business is currently 55% owned by private equity
funds managed by Blackstone and 45% by Thomson Reuters. Reuters
News 30-year agreement signed last year with Refinitiv will
continue if ownership of Refinitiv changes.
There can be no certainty that these discussions will progress
or that a transaction will be forthcoming.
Any further announcements will be made as appropriate.
Thomson Reuters
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Reuters, visit tr.com and for the latest world news,
reuters.com.
SPECIAL NOTE REGARDING FORWARD-LOOKING
STATEMENTS
Certain statements in this news release are
forward-looking. These forward-looking statements are based on
certain assumptions and reflect our company's current expectations.
As a result, forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or events
to differ materially from current expectations, including factors
discussed in materials that Thomson Reuters from time to time files
with, or furnishes to, the Canadian securities regulatory
authorities and the U.S. Securities and Exchange Commission. There
is no assurance that the discussions described in this news release
will lead to a definitive agreement or that other events described
in any forward-looking statement will materialize. Except as may be
required by applicable law, Thomson Reuters disclaims any
obligation to update or revise any forward-looking
statements.
CONTACTS
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MEDIA
David
Crundwell
Senior Vice
President, Corporate Affairs
+44 7909 898
605
david.crundwell@tr.com
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INVESTORS
Frank J.
Golden
Senior Vice
President, Investor Relations
+1 646 223
5288
frank.golden@tr.com
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SOURCE Thomson Reuters