London Stock Exchange to purchase Frank Russell

Associated Press |

LONDON (AP) — The London Stock Exchange Group has announced plans to purchase financial services firm Frank Russell Company for $2.7 billion.



The LSE group said Thursday the purchase would provide "a high quality U.S. business" with index and investment management services as part of a diversification strategy.

LSE Chief Executive Xavier Rolet said the acquisition would boost the group's presence in the U.S. financial services market.

He added the company comes with "a world-class client and employee base."

It will buy the company from Northwestern Mutual and minority stockholders.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
USAE U.S. Aerospace Inc 0.00 0.00 0.00 0

Comments

Emerging Growth

Viking Energy Group Inc

Viking Investments Group Inc provides professional advisory and consulting services to companies undergoing or anticipating periods of rapid growth, change or ownership transition.

Private Markets

Knightscope

Autonomous security robots providing advanced detection capabilities at $7 per hour - aiming to define the future of security. Help #StopTheViolence.

GoCoin

Blockchain currencies (e.g. Bitcoin) provide a new disruptive way to transfer value between parties over the internet as opposed to going through banks. GoCoin provides online merchants with a suite…