July 26 (Reuters) - London Stock Exchange Group Plc LSE.L :
* LSE SAYS IS IN TALKS WITH CONSORTIUM INCLUDING SOME INVESTMENT FUNDS AFFILIATED WITH BLACKSTONE & THOMSON REUTERS ABOUT POSSIBLE ACQUISITION OF REFINITIV
* THERE CAN BE NO CERTAINTY THAT DISCUSSIONS BETWEEN PARTIES WILL PROGRESS OR THAT A TRANSACTION WILL BE FORTHCOMING
* EXPECTED THAT LSEG WOULD ACQUIRE REFINITIV FOR A TOTAL ENTERPRISE VALUE OF ABOUT US$27 BILLION
* PARTIES ANTICIPATE DEAL TO RESULT IN REFINITIV SHAREHOLDERS HOLDING ABOUT 37% STAKE IN ENLARGED GROUP & LESS THAN 30% OF TOTAL VOTING RIGHTS OF LSEG
* PARTIES ARE IN ADVANCED TALKS REGARDING BOARD MEMBERSHIP, GOVERNANCE AND OTHER RELATIONSHIP AGREEMENT TERMS INCLUDING LOCK-UP PROVISIONS
* SHOULD TRANSACTION PROCEED, REFINITIV SHAREHOLDERS INTEND TO BE SUPPORTIVE LONG-TERM SHAREHOLDERS IN LSEG
* UNDER DEAL TERMS, LSEG WOULD CONTINUE TO BE CHAIRED BY DON ROBERT AND LED BY DAVID SCHWIMMER, CEO, WITH DAVID WARREN AS CFO
* BELIEVES THAT ANNUAL RUN-RATE COST SYNERGIES IN EXCESS OF 350 MILLION STG WOULD BE DELIVERABLE IN FIVE YEARS AFTER DEAL COMPLETION
* TRANSACTION WOULD DELIVER STRONG ADJUSTED EARNINGS PER SHARE ACCRETION IN THE FIRST FULL YEAR AFTER COMPLETION
* BLACKSTONE'S CONSORTIUM INCLUDES AN AFFILIATE OF CANADA PENSION PLAN INVESTMENT BOARD, AN AFFILIATE OF GIC SPECIAL INVESTMENTS, SOME CO-INVESTORS Source: Further company coverage: LSE.L TRI.TO BX.N