London Stock Exchange rebuffs takeover bid

The London Stock Exchange today said it had knocked back a £1.35bn (€1.95bn) takeover approach from German rival Deutsche Borse.

London Stock Exchange rebuffs takeover bid
Mon, 13 Dec, 2004 - 07:58

The London Stock Exchange today said it had knocked back a £1.35bn (€1.95bn) takeover approach from German rival Deutsche Borse.

The LSE said the 530p-a-share (766 cents) proposal undervalued both the company and potential savings from a tie-up with the Frankfurt-based exchange.

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CourtsBusinessHeathrowPlace: FrankfurtPlace: EuropeOrganisation: London Stock ExchangeOrganisation: Deutsche BörseOrganisation: LSEOrganisation: Stockholm Stock ExchangeOrganisation: OM GroupOrganisation: EuronextOrganisation: European Commission
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