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London Stock Exchange committed to Refinitiv Deal In Pandemic-hit Markets

 |  April 21, 2020

The London Stock Exchange said on Tuesday it was committed to completing its $27 billion takeover of data company Refinitiv in the second half of the year, with no plans to revise its savings targets for the deal as a deep recession beckons.

“We still have a lot of confidence in the transaction, in the strategic rationale of the transaction,” LSE Chief Executive David Schwimmer told analysts.

The coronavirus pandemic is sending economies rapidly into deep recession, forcing many companies to furlough millions of staff and raise funds to stay afloat.

Full Content: Reuters

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