19 October 2017
Register now

Clearstream set to reject rival bids - FT

06 December 2001  |  2824 views  |  0 Clearstream set to reject rival bids - FT

The Financial Times is reporting that Clearstream is set to reject rival takeover bids from Deutsche Borse and Euroclear as too low.

The FT quotes the Cedel consortium - a part-owner of Clearstream alongside Deutsche Borse - as saying that the bids "were disappointing and further work will be needed".

Clearstream is understood to be open to offers in the region of $3 billion.

Euroclear is quoted by the FT as indicating that it might be prepared to extend its all-share offer.

The battle for control of Clearstream is seen as crucial to deciding the future of clearing and settlement in the European financial markets.

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

Clearstream selects SeeBeyond for high-volume messaging

Clearstream selects SeeBeyond for high-volume messaging

29 November 2001  |  3211 views  |  0 comments
Euroclear adopts Swift messaging; Nordea completes B2B payment trials

Euroclear adopts Swift messaging; Nordea completes B2B payment trials

19 November 2001  |  5641 views  |  0 comments
Clearstream and Euroclear extend bridge links

Clearstream and Euroclear extend bridge links

13 November 2001  |  5197 views  |  0 comments
Clearstream readies collateral management services for CLS launch

Clearstream readies collateral management services for CLS launch

09 November 2001  |  4941 views  |  0 comments
Clearstream invites takeover bids - FT

Clearstream invites takeover bids - FT

31 October 2001  |  3114 views  |  0 comments
ECB to develop industry standards for clearing and settlement

ECB to develop industry standards for clearing and settlement

25 October 2001  |  3461 views  |  0 comments
ClearStream introduces new Creation front-end

ClearStream introduces new Creation front-end

22 October 2001  |  3310 views  |  0 comments
Cruickshank calls for exchange clearing reform

Cruickshank calls for exchange clearing reform

19 October 2001  |  3117 views  |  0 comments
Euroclear contact centre bids to improve customer service

Euroclear contact centre bids to improve customer service

11 October 2001  |  3016 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.innotribe.comvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15518 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8711 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8350 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7799 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6962 views comments | 9 tweets | 17 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job