LSEG buys credit data provider Octus in $3.5B cash deal
FROM THE WIRE · SEEKINGALPHA.COM
[LSEG - London Stock Exchange Group] David Taljat/iStock Editorial via Getty Images London Stock Exchange Group (LSEGY [https://seekingalpha.com/symbol/LSEGY]) to acquire credit intelligence provider Octus from Permira for $3.535B in cash, it said on Thursday. The deal is…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA sizeable acquisition for LSEG in financial data, neutral to earnings in year one and accretive afterwards.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01LSEG will acquire Octus from Permira for 3.535 billion dollars in cash.
- 02The deal is expected to generate over 300 million dollars in revenue in 2026.
- 03Closing is expected in the first half of 2027, and the deal will add to earnings thereafter.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
London Stock Exchange Group plc29.00 USDMarket closedtoday -0.89%Neutral Thomson Reuters Corporation115.26 USDMarket closedtoday +2.16%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets