Summary
ANY takeover bids for the London Stock Exchange from rival operators Euronext or Deutsche Brse would "substantially lessen" competition among international exchanges, the Competition Commission ruled yesterday, sending shares in the LSE up 5 per cent.
The commission said a takeover would leave the buyer in control of LSE's clearing services, making it more difficult for other exchanges to compete with it in trading UK equities. The ruling means both bidders must make "significant" changes for either to be accepted.See the full content of this document
Extract
Commission Warning On Lse Deal
Germany's Deutsche Brse, which operates the Frankfurt stock and derivativ...
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