The British exchange is forging ahead with an aggressive growth plan
The London Stock Exchange has outlined its plan to become a
global index leader as it went public on its bid to acquire
The British exchange said on Thursday it had bid
£1.6bn for the US index provider and fund manager owned
by Northwestern Mutual, and hoped to close the deal in
September subject to shareholder approval.
The LSE said the deal is part of its plan to establish
itself as an international index provider by marrying Frank
Russell’s US franchise with the LSE’s
FTSE business which is stronger in Europe.
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