What? Sell the exchange?(London Stock Exchange)(Brief Article)
Economist (US), The, September, 2000
The tussle for the control of the London Stock Exchange is part of a broader battle: to create a truly global market in shares
NEXT year, the London Stock Exchange (LSE) will celebrate 200 years of existence. Its origins go back a hundred years further; but it was in the wake of the French revolution that it established itself as Europe's leading centre for the trading of securities. With ups and downs, that is a position it has clung to ever since. Yet it now finds itself prey to a takeover bid--and a hostile one at that--from Swedish technology whizz-kids. As a result, the LSE has become the object of a contest as interesting as any played out in its long history as a market for corporate control. Besides the Swedish upstarts, Frankfurt's Deutsche Borse, with...
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