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London Stock Exchange Soars but German Rival Denies Advance.
Knight Ridder/Tribune Business News, April, 2002
Daily Mail, London Knight Ridder/Tribune Business News
Apr. 3--Shares in the London Stock Exchange rose to a record high of 457 pence, up 24 pence, on speculation that Germany's Deutsche Boerse is eyeing it as a takeover target.
German denials did little to dampen the rumours. Deutsche Boerse chief executive Werner Seifert referred to weekend reports of a bid for the LSE as a joke.
"We Germans traditionally mark the beginning of April with April Fool's jokes. My best guess is this is the English way of starting the month," he said. The LSE declined to comment.
But investors believe the ambitious Seifert could be mulling an approach to the LSE, led by Clara Furse. Merger talks between the two exchanges, Europe's largest, collapsed...
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