Wednesday 23 May 2012

UPDATE 2-Gulf stakes buttress LSE future confidence - Yahoo! News Maktoob

The London Stock Exchange Group fortified its defences against takeover on Wednesday after a stake sale by Italian banks cemented the dominance of its two largest shareholders seen as in for the long haul.
The LSE, which was a continual takeover target for rivals such as Deutsche Boerse and Nasdaq OMX through the middle of the last decade, has been seen by analysts as potentially back on the block this year.
A takeover has been mooted since the high-profile $7.4 billion merger of potential bidders NYSE Euronext and
Deutsche Boerse collapsed in February. This followed the failure of the LSE's own 2.3 billion pounds plan to buy Canada's TMX Group last June.

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