15 December 2017
visit http://response.ncr.com

London Stock Exchange confirms Euronext approach

20 December 2004  |  5264 views  |  0 Euronext

The London Stock Exchange has confirmed that it has received a preliminary approach from Euronext, raising the prospect of a potential bidding war with German exchange operator Deutsche Börse.

In a statement, the LSE said: "The approach is at an early stage and therefore does not require a response at this point. Discussions with Deutsche Börse and Euronext will continue."

No financial details were forthcoming, although Euronext is expected to trump Deutsche Börse's 530 pence a share offer of 11 December. The LSE rejected the German exchange's initial offer but has been continuing talks. Deutsche Börse chief Werner Seifert has been sweetening the deal with talk of senior positions for LSE management in the merged entity and a prominent role for London in the administration and running of the market.

Shares in the LSE have continued to rise, adding nineteen pence in early morning trade to stand at 575 pence.

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 stories

LSE rejects Deutsche Börse takeover bid

LSE rejects Deutsche Börse takeover bid

13 December 2004  |  6898 views  |  0 comments
LSE shares soar on bid speculation

LSE shares soar on bid speculation

11 November 2004  |  7214 views  |  0 comments
Apcims calls for inquiry into LSE's Setsmm

Apcims calls for inquiry into LSE's Setsmm

08 November 2004  |  4335 views  |  0 comments
London Stock Exchange looks to extend SETSmm service

London Stock Exchange looks to extend SETSmm service

01 November 2004  |  3765 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.niceactimize.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
10177 views comments | 16 tweets | 25 linkedin
satelliteRipple completes XRP Lockup
9229 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8884 views comments | 17 tweets | 36 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7580 views comments | 20 tweets | 11 linkedin
Australian Government amends AML rules to cover digital currenciesAustralian Government amends AML rules to...
7203 views comments | 15 tweets | 24 linkedin

Featured job

Find your next job