02 September 2015

Nyse Euronext and CME Group make LME bids - Bloomberg

17 February 2012  |  4301 views  |  0 Buy Road sign

Nyse Euronext and CME Group have both submitted bids for the London Metals Exchange (LME), according to Bloomberg.

In September the 130-year-old LME revealed it had received several expressions of interest and began a formal process to look at its options.

A deadline for bids was set for 15 February and both Nyse Euronext and CME Group have thrown their hats into the ring, says Bloomberg, citing sources.

According to the Financial Times, another suitor is IntercontinentalExchange but Deutsche Börse has decided not to enter the running and the London Stock Exchange is "unlikely" to bid. The LME board will now meet on 23 February to consider offers.

CME Said to Bid for London Metal Exchange, May Compete With NYSE Euronext - Bloomberg

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related company news

 

Top topics

Most viewed Most shared
Third of Brits expect day-to-day mobile pa...
7415 views comments | 37 tweets | 15 linkedin
SunGard system glitch causes havoc for BNY...
7222 views comments | 14 tweets | 12 linkedin
Kenya's NIC Bank links to Twitter and What...
6353 views comments | 27 tweets | 17 linkedin
Payments UK sets out vision for 'world cla...
6304 views comments | 17 tweets | 10 linkedin
HSBC glitch leaves thousands of customers...
5833 views comments | 13 tweets | 7 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job