LSE shares slide as takeover bid scrapped

Shares in the London Stock Exchange fell 8% today after Deutsche Boerse scrapped its £1.35bn (€1.95bn) takeover proposal and fears grew that a rival suitor may also walk away.

LSE shares slide as takeover bid scrapped

Shares in the London Stock Exchange fell 8% today after Deutsche Boerse scrapped its £1.35bn (€1.95bn) takeover proposal and fears grew that a rival suitor may also walk away.

The decision by Deutsche to bow to a shareholder rebellion gives Paris-based exchange Euronext a clear run to launch a formal bid for the LSE.

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