LSEG in Talks to Buy Credit Platform Octus for $3.5B
LDNXF is trading near its 52-week low of $95.04 (14% above the low) on light trading volume (0.2× avg).
Summary
LSEG confirmed it is in discussions to acquire Octus, a global credit platform, from Permira for about $3.5 billion. The deal would be immediately accretive to Data & Analytics and Group revenue growth, a key strategic area for the exchange operator. No final agreement has been reached and regulatory approval would be required. This is a significant expansion into credit data and analytics, complementing LSEG's existing data business.
At the time of this announcement, LDNXF was trading at $108.61 on OTC in the Finance sector, with a market capitalization of approximately $52.2B. The 52-week trading range was $95.04 to $138.99. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Seeking Alpha.