BN 06/26 06:51 *LSE: RUSSELL INDEX OPS ACCRETIVE FROM YR 2 ON STANDALONE BASIS
BN 06/26 06:51 *LSE: RUSSELL PRESIDENT AND CEO BRENNAN WILL JOIN EXEC COMMITTEE
BN 06/26 06:50 *LSE TO START REVIEW OF RUSSELL INVESTMENT MGMT OPS
BN 06/26 06:50 *LSE SEES ANNUAL RUN-RATE COST SYNERGIES OF $78M BY END YR 3
BN 06/26 06:50 *LONDON STOCK EXCHANGE RIGHTS ISSUE EXPECTED TO LAUNCH IN SEPT.
BN 06/26 06:48 *LSE: ARD $1.1B FINANCED FROM EXISTING, NEW BANK DEBT FACILITIES
BN 06/26 06:48 *LONDON STOCK EXCHANGE PROPOSES TO BUY FRANK RUSSELL FOR $2.7B
BFW 06/26 06:48 *LSE BUYS FRANK RUSSELL FOR $2.7B CASH, PLANS RIGHTS OFFER
BN 06/26 06:48 *LSE: AROUND $1.6B TO BE FINANCED FROM PROCEEDS OF RIGHTS ISSUE
BN 06/26 06:47 *LSE DEAL EARNINGS ADDING IN FIRST FY ON AGGREGATE BASIS
BN 06/26 06:46 *LSE LSE CASH CONSIDERATION OF US$2,700M
BN 06/26 06:46 *LSE LSE PURCHASE OF FRANK RUSSELL AND RIGHTS ISSUE
BN 06/26 06:46 *LSE LSE PURCHASE OF FRANK RUSSELL, RIGHTS ISSUE
BN 06/26 06:51 *LSE: RUSSELL PRESIDENT AND CEO BRENNAN WILL JOIN EXEC COMMITTEE
BN 06/26 06:50 *LSE TO START REVIEW OF RUSSELL INVESTMENT MGMT OPS
BN 06/26 06:50 *LSE SEES ANNUAL RUN-RATE COST SYNERGIES OF $78M BY END YR 3
BN 06/26 06:50 *LONDON STOCK EXCHANGE RIGHTS ISSUE EXPECTED TO LAUNCH IN SEPT.
BN 06/26 06:48 *LSE: ARD $1.1B FINANCED FROM EXISTING, NEW BANK DEBT FACILITIES
BN 06/26 06:48 *LONDON STOCK EXCHANGE PROPOSES TO BUY FRANK RUSSELL FOR $2.7B
BFW 06/26 06:48 *LSE BUYS FRANK RUSSELL FOR $2.7B CASH, PLANS RIGHTS OFFER
BN 06/26 06:48 *LSE: AROUND $1.6B TO BE FINANCED FROM PROCEEDS OF RIGHTS ISSUE
BN 06/26 06:47 *LSE DEAL EARNINGS ADDING IN FIRST FY ON AGGREGATE BASIS
BN 06/26 06:46 *LSE LSE CASH CONSIDERATION OF US$2,700M
BN 06/26 06:46 *LSE LSE PURCHASE OF FRANK RUSSELL AND RIGHTS ISSUE
BN 06/26 06:46 *LSE LSE PURCHASE OF FRANK RUSSELL, RIGHTS ISSUE
LSE to Buy Frank Russell for $2.7b Cash, Plans Rights Offer
2014-06-26 06:52:02.945 GMT
By James Ludden
June 26 (Bloomberg) -- LSE’s largest acquisition to date.
* LSE says $1.6b of payment to be financed by rights offer in
Sept.
* Sees “highly attractive” financial returns
* Earnings accretive in first full year on aggregate basis
* NOTE: Talks announced in May {NSN N5I1UY6TTDSD<Go>}
Link to Statement:{NSN N7RK5G3HBS3K <GO>}
Link to Company News:{2142Z US <Equity> CN <GO>}
Link to Company News:{LSE LN <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-06-26 06:52:02.945 GMT
By James Ludden
June 26 (Bloomberg) -- LSE’s largest acquisition to date.
* LSE says $1.6b of payment to be financed by rights offer in
Sept.
* Sees “highly attractive” financial returns
* Earnings accretive in first full year on aggregate basis
* NOTE: Talks announced in May {NSN N5I1UY6TTDSD<Go>}
Link to Statement:{NSN N7RK5G3HBS3K <GO>}
Link to Company News:{2142Z US <Equity> CN <GO>}
Link to Company News:{LSE LN <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net