LSE £22bn deal to buy Refinitiv approved by shareholders

The London Stock Exchange (LSE) has been given the go ahead by shareholder to bur data provider Refinitiv for £22bn.

LSE said that 99.2% of shareholders votes gave the green light for the acquisition to take place, which is on track to be completed in the second half of 2020.

The acquisition is conditional until they company receives an antitrust and regulatory approval.  The deal will help transform the Exchange that will rival Bloomberg.