LSEG To Acquire Octus for $3.5 billion

Oct 22 (Reuters) - London Stock Exchange Group PLC LSEG.L:

• LONDON STOCK EXCHANGE LONDONSTOCKEXGROUP - LSEG TO ACQUIRE OCTUS

• LSEG - PROPOSED DEAL FOR A CASH CONSIDERATION OF $3.535 BILLION

• LSEG: TRANSACTION WILL UNLOCK ATTRACTIVE SYNERGIES, BOTH IMMEDIATE AND LONGER TERM

• LSEG: AGREED TO ACQUIRE OCTUS FROM FUNDS ADVISED BY PERMIRA, AND OCTUS' MANAGEMENT, INCLUDING ITS FOUNDER, KENT COLLIER

• LSEG: TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO LSEG'S DATA & ANALYTICS ORGANIC REVENUE GROWTH

• LSEG: TRANSACTION IS EXPECTED TO BE ADDITIVE TO LSEG'S GUIDANCE FOR GROUP ORGANIC SUBSCRIPTION REVENUE GROWTH OF AROUND 7% IN 2027

• LSEG: NO CHANGE TO LSEG'S MEDIUM-TERM GUIDANCE FOR UNDERLYING EBITDA MARGIN

• LSEG: TRANSACTION WILL BE NEUTRAL TO ADJUSTED EPS IN FIRST FULL YEAR AFTER COMPLETION

• LSEG: ACQUISITION WILL BE FINANCED BY EXTERNAL DEBT

• LSEG: EXPECT LEVERAGE AT END OF 2027 TO BE AROUND UPPER END OF TARGET RANGE OF 1.5-2.5X

• LSEG: EXPECT LEVERAGE RETURNING TO MIDDLE OF RANGE BY END OF 2028

• LSEG: KENT COLLIER, FOUNDER AND CEO OF OCTUS CONTINUING TO RUN OCTUS BUSINESSES UPON COMPLETION

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