Deals
LSE to Raise $1.6 Billion in Rights Issue for Frank Russell
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The London Stock Exchange Group Plc said it will raise 938 million pounds ($1.56 billion) in a rights issue of shares to fund part of the purchase of Frank Russell Co.
Europe’s oldest independent bourse said it will sell 74.3 million shares, accounting for 21.4 percent of the full capital after the offer, at 1,295 pence each. Investors will get three shares for every 11 they hold, LSE said in a statement. The stock closed at 2,005 pence in London yesterday.