London Stock Exchange rejects 'derisory' bid

The London Stock Exchange today dismissed a £1.48bn (€2.2bn) takeover proposal from an Australian bank as derisory and lacking any commercial sense.

London Stock Exchange rejects 'derisory' bid
Fri, 09 Dec, 2005 - 08:06

The London Stock Exchange today dismissed a £1.48bn (€2.2bn) takeover proposal from an Australian bank as derisory and lacking any commercial sense.

Directors of the LSE announced that they had rejected a 580p-a-share indicative offer from Macquarie Bank with less than a week to go until a deadline for a firm bid for the exchange expires.

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