LSE denies Deutsche Boerse again
Posted on January 27th, 2005 by Brian Turner
The London Stock Exchange (LSE) has rejected a second bid by German company Deutsche Boerse.
Despite offering 530p on the share, the LSE declared that the offer had failed to realise the “inherent value” of the LSE.
Talks continue with Euronext, who have yet to make any formal declaration on the move.
There is an expectation on markets that the LSE will try and hold out to £6 on the share, unless significant saving offers are introduced to provide alternative investor benefits.
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