DOJ Clears LSE's $27B Refinitiv Deal Without Conditions
Law360 (July 31, 2020, 8:56 PM EDT) -- The U.S. Department of Justice said Friday that it has cleared the London Stock Exchange Group's planned $27 billion takeover of financial data provider Refinitiv, but hurdles remain for the deal in Europe and elsewhere.
The Justice Department said in a statement that its eight-month investigation looked at various theories of harm and different modes of analysis for the transaction, but found it likely won't hurt competition for any of the products enforcers examined. The agency has now closed its investigation without placing any conditions on the tie-up.
"After an extensive review of the proposed transaction, the antitrust division determined that...
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