Deals
LSE Gains in U.S. Over-The-Counter Trading on Merger Speculation
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London Stock Exchange Group Plc shares trading over the counter in the U.S. awoke from seven days of inactivity to rise almost 10 percent on speculation the company is in merger discussions.
The stock, quoted in the U.S. on an off-exchange venue operated by OTC Market Inc., climbed 9.8 percent to $16.75 on volume of 20,600 shares. Prior to today, the equities hadn’t traded since July 9. LSE’s London-listed securities closed up