Business Services Industry
Macquarie abandons ambitions for LSE.
Australasian Business Intelligence, February, 2006
Byline: Lisa Murray
Feb 21, 2006 (The West Australian - ABIX via COMTEX) -- Australian-listed Macquarie Bank will not extend its takeover bid for the London Stock Exchange (LSE). The offer will lapse on 28 February 2006, and Macquarie's European head Jim Craig says the investment bank's London team will now focus on seeking new investment
opportunities. Macquarie had offered 580p per share for LSE stock, valuing the bid at Stg1.5bn ($A3.54bn), but it failed to gain the support of LSE shareholders or the LSE
itself. Meanwhile, Macquarie's Korean infrastructure fund will list on the South Korean sharemarket on 15 March.
Publication Date: 22 February 2006 ...
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