LSEG Pays $3.5B Cash for Credit Data Firm Octus, Its Biggest Deal Since Refinitiv
LSEGY sits 21% above its 52-week low of $24.07.
Summary
LSEG agreed to buy credit intelligence provider Octus from Permira for $3.535B in cash, its largest acquisition since the $27B Refinitiv deal in 2019. Octus is expected to produce over $300M of revenue in 2026, and LSEG says the deal will be earnings neutral in year one, turning accretive after it closes in the first half of 2027. The same statement raised the 2026 outlook: organic total income excluding recoveries is now expected to grow at least 8% at constant currencies. That combination matters because LSEG shares are down roughly 2% in 2026 and activist Elliott has built a stake and is pressing for change — a big cash data deal plus a raised guide is the company's answer. Thomson Reuters (TRI), which competes with LSEG in data and analytics and once owned part of Refinitiv, faces a larger rival in credit data. Watch the first-half 2027 close and any Elliott response to the capital allocation.
At the time of this announcement, LSEGY was trading at $29.05 on OTC in the Finance sector, with a market capitalization of approximately $56.1B. The 52-week trading range was $24.07 to $34.23. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Seeking Alpha.