UPDATE: LSE Eyes FTSE-Russell Index Data Combo
The LSE plans to combine FTSE with Russell Indexes, to diversify its revenue streams and expand into the US market, creating a global index business with more than $9 trillion in assets benchmarked to its indexes.
The combined business would have $466 million in revenues and is expected to deliver annual run-rate cost savings of $78 million by end of the third year following the acquisition, as a result of initiatives including combining sales structures and research functions, eliminating data
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