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


Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

World Economic Forum at Davos 2019 - Dr Oliver Krause Founder Untitled Inc Part 1

Matt Bird sits down with Dr Oliver Krause, Founder Untitled Inc, in part 1 of this 2 part interview at the World Economic Forum at Davos 2019

Emerging Growth

MGX Minerals Inc.

MGX Minerals is a diversified Canadian mining company listed on the Canadian Securities Exchange. MGX is engaged in the acquisition and development of industrial mineral deposits in western Canada that…