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

AfterMaster Inc

Studio One Media Inc is a diversified media and technology company. It is engaged in the development and commercialization of proprietary, edge audio and video technologies for professional and consumer…

Private Markets

CF0005, LLC dba Mesa-Marshall #1-2

MESA Resources, Inc. ("MESA") is sponsoring the development of the oil & gas well completion project "Mesa-Marshall #1-2". MESA, founded in 1992, is engaged in the acquisition, exploration and development…

MyForce, Inc.

As parents, we constantly worry about the safety of our loved ones. The media bombards us with incidents from across the nation school shootings, frequent assaults on campuses, and crimes…