24 June 2017
download the report now

Nyse Euronext and CME Group make LME bids - Bloomberg

17 February 2012  |  4901 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)

Finextra news in your inbox

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

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit wavestone-advisors.co.ukdownload the report nowvisit www.finastra.com

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
8887 views comments | 4 tweets | 5 linkedin
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
8849 views comments | 17 tweets | 27 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
8110 views comments | 3 tweets | 4 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
7837 views comments | 8 tweets | 25 linkedin
Open banking rules to trigger new wave of challengersOpen banking rules to trigger new wave of...
6471 views comments | 21 tweets | 23 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job