Nasdaq launches £2.7bn hostile bid for London Stock Exchange

Nasdaq set its hostile takeover of the London Stock Exchange (LSE) in motion today when it posted its £2.7bn (€4bn) offer to shareholders.

Nasdaq launches £2.7bn hostile bid for London Stock Exchange
Tue, 12 Dec, 2006 - 08:50

Nasdaq set its hostile takeover of the London Stock Exchange (LSE) in motion today when it posted its £2.7bn (€4bn) offer to shareholders.

The New York bourse gave LSE shareholders until January 11 to accept the 1243p a share offer which was turned down by the LSE board last month.

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