On 1 August 2019, London Stock Exchange Group plc (LSEG) announced that it had reached definitive terms to acquire Refinitiv in an all share transaction for a total enterprise value of approximately US$27 billion (as at 1 August 2019) (the Transaction).
LSEG today announces that the Committee on Foreign Investment in the United States (CFIUS) has concluded its review of the Transaction under Section 721 of the Defense Production Act of 1950 and has determined that there are no unresolved national security concerns with respect to the Transaction.
LSEG continues to make progress in relation to the remaining antitrust and regulatory clearances that the Transaction is also conditional upon. We note and understand the European Commission’s statement of Friday 13 March 2020 in relation to its special measures related to COVID-19 (Coronavirus) and encouraging the delay of merger filings. We continue to engage constructively with the European Commission and other relevant regulators and stakeholders to ensure that all filings and approvals proceed as efficiently as possible. We remain committed to closing the Transaction during the second half of 2020.
