Feb 25 (Reuters) - Activist hedge fund Elliott Management has told the British government it will not push to break up London Stock Exchange Group or move its listing to New York, the Financial Times
Elliott says it won't seek LSEG breakup or shift listing to New York
Elliott’s Position on LSEG and Listing
Feb 25 (Reuters) - Activist hedge fund Elliott Management has told the British government it will not push to break up London Stock Exchange Group or move its listing to New York, the Financial Times reported on Wednesday, after the U.S. fund built a significant stake in the financial data and analytics company.
Assurances to UK Officials
Elliott held talks with officials to allay concerns it could press for a break-up of LSEG or a spin-off of the London Stock Exchange, the group's stock exchange business, the report said, citing people familiar with the matter.
Responses from Parties
The hedge fund and Britain's finance ministry did not immediately respond to requests for comment. LSEG declined to comment.
Stake Size and Disclosure Thresholds
The size of Elliott's stake is unclear. Under UK rules, shareholders must disclose holdings above 3%.
Market Response and Share Price
Shares in LSEG closed up 1.5% at 77.94 pounds on Wednesday.
Timeline of Stake Reports
The FT first reported Elliott's stake. Reuters confirmed on February 11 that Elliott was building a position, citing a person familiar with the matter.
£5 Billion Share Buyback Push
Activist Agenda at LSEG
Elliott is pressing LSEG to conduct a full review of its portfolio and launch a 5 billion pound ($6.78 billion) share buyback, a source told Reuters on February 18.
Reuters provides news and content for LSEG's Workspace data terminal and other products.
Exchange Rate Reference
($1 = 0.7375 pounds)
(Reporting by Disha Mishra and DhanushVignesh Babu in Bengaluru, William James in London; Editing by Tasim Zahid)
