Shares of banks and other lenders and money managers were higher as deal news remained in the spotlight.
London Stock Exchange Group PLC agreed Friday to sell Borsa Italiana Group to a group led by pan-European rival Euronext NV, a divestment meant to smooth approval of its separate, much larger, acquisition of financial-data company Refinitiv Holdings Ltd. The deal, priced at around EUR4.33 billion, equivalent to $5.1 billion, is aimed at alleviating antitrust concerns about the potential bond trading dominance of the proposed $15 billion tie-up between LSE and Refinitiv.
Separately, electronic trading giant Citadel Securities will bolster its already huge presence at the New York Stock Exchange by buying the NYSE market-making business of smaller rival IMC Financial Markets, the companies said.
Meanwhile, earnings season gets under way next week, with major banks set to report third-quarter results.
Write to Amy Pesseto at amy.pesseto@dowjones.com
(END) Dow Jones Newswires
10-09-20 1806ET
