US STOCKS-Futures little changed as oil prices edge up
June 23 U.S. stock index futures were little changed on Friday as oil prices edged up and ahead of economic data and speeches by Federal Reserve policymakers.
LONDON, June 26 The London Stock Exchange Group said on Thursday it planned to raise $1.6 billion through a rights issue to help fund the acquisition of Frank Russell for $2.7 billion.
The LSE said it had proposed to buy Frank Russell from its Northwestern Mutual owners and other minority shareholders. It had said in May it was in talks with the owners about a possible acquisition for the investment services firm.
"The directors believe the acquisition is a rare opportunity to acquire a high quality U.S. business with a leading global brand providing index and investment management services," it said.
Under the plan, Len Brennan, the chief executive of Russell, will join the executive committee of LSE upon completion. (Reporting by Kate Holton, Editing by Paul Sandle)
* Repligen Corp - deal expected to be accretive to repligen earnings per share in fiscal 2018