Deutsche Börse and Euronext stepped up their wooing of the London Stock Exchange yesterday after holding separate meetings with its chief executive
Published:
22 December 2004 y., Wednesday
Deutsche Börse and Euronext stepped up their wooing of the London Stock Exchange yesterday after holding separate meetings with its chief executive, Clara Furse.
Werner Seifert, boss of the Deutsche Börse, has said he will pay 530p a share for the LSE but is now widely expected to have to increase his offer after Jean-François Theodore, his counterpart at Euronext, expressed an interest in tabling a bid.
However, the Paris-based executive has not put forward a detailed enough proposal to warrant a formal response from the LSE. In contrast, a Deutsche Börse bid - made a week ago - was rejected on the grounds that it undervalued the exchange.
The LSE's shares dropped 4.75p to 575p yesterday after reaching record highs on Monday on speculation over the price a possible bidding war might achieve.
None of the sides was prepared to comment on the talks held at the LSE's new headquarters beside St Paul's, but sources described the discussions as constructive and amiable. Both Euronext and Deutsche Börse appear keen to win the approval of the LSE board for their approaches. Euronext has admitted that its approach might not even result in a definite offer.
In any case, the City does not expect a huge amount of movement on the separate discussions over Christmas.
Mr Seifert has made it clear that Ms Furse, who was appointed to the LSE after the ill-fated attempts at a German-British merger four years ago, could be offered a role in any combined exchange.
Šaltinis:
The Guardian
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The financial and economic crisis has shown that reckless behaviour of banks and other financial institutions can have serious and costly consequences for Europe's economy and its people.
more »
Local services that create jobs and improve energy efficiency received a boost Thursday (2 September) when MEPs on the Industry, Research and Energy Committee approved plans for more investment.
more »
The European Commission approved the first financing decisions under the EUR 264 million 2010 allocation for the so-called Vulnerability FLEX mechanism to help the most vulnerable African, Caribbean and Pacific countries cope with the impact of the global financial crisis and economic downturn.
more »
The European Commission has today updated the list of airlines banned in the European Union to impose an operating ban on one air carrier from Ghana and to place operating restrictions on another air carrier from that country.
more »
The European Commission today approved an application from Denmark for assistance under the European Globalisation adjustment Fund (EGF).
more »
Algirdas Šemeta, EU Commissioner for Taxation, Customs Union, Anti-Fraud and Audit, will open tomorrow an international conference at the Shanghai World Expo 2010 on building bridges to facilitate trade between China and the EU.
more »
Moldova is set to receive an EU grant of up to €90 million to help it through the financial crisis, following a vote at Parliament's Committee on International Trade on Monday.
more »
Important notice: since May 2010 business surveys data are classified in accordance with an updated version of the Nomenclature of Economic Activities (NACE rev. 2) causing a potential break in series at this date.
more »
75% of Europeans think that stronger coordination of economic and financial policies among EU Member States would be effective in fighting the economic crisis, according to the Spring 2010 Eurobarometer, the bi-annual opinion poll organised by the EU.
more »
The European Commission has extended until the end of the year the liquidity support scheme for banks in Slovenia.
more »