December 17, 2005

London Stock Exchange in yet more discussions about mergers

Almost every week there is another news story about possible consolidation of various national stock exchanges around the world. This is long overdue. Globalisation and the digital economy are making traditional stock exchanges look very out of date.

See Bloomsberg news story below and the comments I made serveral years ago, about likely megers in Europe of national Stock Exchanges.

http://www.globalchange.com/stock.htm

Dec. 16 (Bloomberg) London Stock Exchange Plc's biggest shareholder said it won't accept the 1.5 billion-pound takeover bid by a group led by Macquarie Ltd - Australia's largest investment bank.

Sydney-based Macquarie and other investors including Macquarie Capital Alliance Group and Finpro SGPS SA offered 580 pence a share in cash for LSE, below the closing share price of 622 pence a share on Dec. 14.
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