Stock exchange value soars as City banks on bidding war

The value of the London Stock Exchange (LSE) soared today as the City banked on a bidding war following an approach from United States operator Nasdaq.

Stock exchange value soars as City banks on bidding war
Mon, 13 Mar, 2006 - 10:11

The value of the London Stock Exchange (LSE) soared today as the City banked on a bidding war following an approach from United States operator Nasdaq.

Shares in LSE were up by almost a quarter to 1090p – adding more than £500m (€730m) to its value – after details of the 950p proposal from Nasdaq emerged on Friday night.

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CourtsBusinessHeathrowPlace: United StatesPlace: USOrganisation: CityOrganisation: London Stock ExchangeOrganisation: LSEOrganisation: NasdaqOrganisation: New York Stock ExchangeOrganisation: NYSEOrganisation: EuronextOrganisation: Deutsche BoerseOrganisation: Macquarie
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