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Teneo is handling the London Stock Exchange Group as it negotiates a massive $27B (including debt) deal to acquire Refinitiv financial data provider from a consortium led by Blackstone Group.
Known for its Eikon desktop terminals, Refinitiv would put the LSEG in competition with Bloomberg, Intercontinental Exchange Group and CME Group.
The deal would transform the more than 300-year-old LSE from matching up buyers & sellers of stocks into a high-tech seller of financial information/analytics.
The LSEG released a statement July 27 “regarding press speculation” surrounding the deal to confirm takeover talks with Refinitiv.
It called Refinitiv “a leading global provider of financial data and infrastructure, delivering data, insight and analytics tailored to strategic workflows across its four core customer segments; investment and advisory, trading, wealth, and risk management.”
An acquisition would increase LSEG’s global footprint and deepen customer reach.
Teneo’s Philip Gawith (London) and Lucas van Praag (New York-based former global communications chief for Goldman Sachs) handle the LSEG.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
