LSE shares surge amid prospect of bidding war between NYSE owner Intercontinental Exchange and Deutsche BörseShares in the London Stock Exchange jumped nearly 9% after the owner of its original 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 seal 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. Continue reading...
Source: theguardian.com