Business Services Industry
London Stock Exchange Soars on Takeover Talk.
Knight Ridder/Tribune Business News, December, 2001
By Ruth Sunderland, Daily Mail, London Knight Ridder/Tribune Business News
Dec. 6--Shares in the London Stock Exchange soared amid speculation of a takeover bid. The shares shot up 33 pence to a peak 400 pence, with more than 3 million changing hands. That values the LSE at nearly UKpound 1.2 billion.
Likely predators include Germany's Deutsche Borse - whose attempt to merge with the LSE last year came to naught - and US market Nasdaq.
JP Morgan Securities bought nearly 40,000 shares at 368 pence, taking its stake up to 1.25 percent. Other buyers included UBS Warburg and CSFB Equities.
A market source said: "There has certainly been a pretty aggressive movement in the shares.'"
The LSE recently suffered an embarrassing...
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