LSE rejects 'derisory' Macquarie bid

Australian bank Macquarie went hostile today with a £1.5bn (€2.2bn) takeover bid for the London Stock Exchange that its target has already rejected as “derisory”.

Australian bank Macquarie went hostile today with a £1.5bn (€2.2bn) takeover bid for the London Stock Exchange that its target has already rejected as “derisory”.

Macquarie, whose UK investments range from BBC Broadcast to the M6 Toll Road, put an offer worth 580p a share on the table just hours before a deadline set by the Takeover Panel expired.

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