London Stock Exchange and Deutsche Börse agree terms on £20bn merger | Business | The Guardian:
"Deutsche Börse and the London Stock Exchange said they expected to cut costs by €450m (£354m) a year as they sought to press on with their agreed £20bn deal and ward off a potential rival bid from the US.
The exchanges set out the terms and benefits of what they described as a merger of equals. As expected, Deutsche Börse shareholders will own 54.4% of the new company with LSE shareholders owning the remainder.
After the potential deal was announced last month, Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, revealed it was considering making a rival offer for LSE. ICE was reported to have hired investment bankers to advise on a potential deal and Chicago’s CME Group was also said to be watching events with a view to making a bid."
'via Blog this'
No comments:
Post a Comment