Business Services Industry
MaqBank counts the LSE blessing.
Australasian Business Intelligence, February, 2006
Byline: Marc Moncrief
Feb 26, 2006 (The Age - ABIX via COMTEX) -- The deadline by which Macquarie Bank could have raised its bid for the London Stock Exchange (LSE) passed in late February 2006. The Australian-listed investment bank had already stated that it would not increase its
offer of Stg5.80. The bid itself is scheduled to expire on 1 March. Negotiations for the exchange will continue, but in the absence of another formal offer, the LSE will most likely come to be viewed as either an undervalued "treasure" or will experience a "crash". Either way, Macquarie Bank has made a strong entrance to the European market, with some analysts suggesting that the real motivation...
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