LSE meets Nasdaq over Italian takeover

The London Stock Exchange today confirmed it has met with failed suitor and US rival Nasdaq as it seeks shareholder backing for its £1.1bn (€1.6bn) Borsa Italiana takeover.

LSE chief executive Clara Furse met earlier this week with Nasdaq, which has held on to its 30% stake in the LSE following an unsuccessful £2.7bn (€4bn) hostile bid for the group at the beginning of the year.