Breaking news: Bidding war is on for London Stock Exchange as ICE goes head to head with Deutsche Boerse
The mainstream and long established exchanges are becoming increasingly modern and technology focused, and as a result, are now ripe for acquisitions by the leading edge electronic exchanges of Chicago. Intercontinental Exchange Inc (NYSE:ICE) has now become interested in acquiring the London Stock Exchange, going head to head with Deutsche Boerse, which has been in […]
The mainstream and long established exchanges are becoming increasingly modern and technology focused, and as a result, are now ripe for acquisitions by the leading edge electronic exchanges of Chicago.
Intercontinental Exchange Inc (NYSE:ICE) has now become interested in acquiring the London Stock Exchange, going head to head with Deutsche Boerse, which has been in discussions with London’s premier venue for quite some weeks now.
ICE, which also owns the New York Stock Exchange, may make an outright bid to purchase the London Stock Exchange, which would put an end to the £20 million M&A talks between London Stock Exchange and Deutsche Boerse if successful.
Full details have not yet been disclosed by ICE, however it is likely that the North American multinational network of exchanges and derivatives market places will show its hand very soon.
