NYSE owner plots offer for London Stock Exchange

Discussion in 'Market News' started by Lily, Mar 1, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    LSE shares surge amid prospect of bidding war between Intercontinental Exchange and Deutsche Börse

    Shares in the London Stock Exchange jumped nearly 9% after the owner of its New York rival said it was pondering an offer for the company, sparking the prospect of a bidding war.

    The LSE is in talks with Deutsche Börse in Frankfurt to clinch a £20bn merger – their third attempt at a tie-up in 16 years. It would combine the LSE’s share trading operation with the German exchange’s Eurex derivatives business, creating the third largest exchange operator in the world in terms of stock market value.

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