LSE to buy Frank Russell for $2.7 billion

London Stock Exchange Group is buying Frank Russell Co., a Seattle-based stock-index and asset-management business, for $2.7 billion

London Stock Exchange Group is buying Frank Russell Co., a Seattle-based stock-index and asset-management business, for $2.7 billion.

The UK exchange said last month that it was in talks with Northwestern Mutual Life Insurance, Russell's parent.

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