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London Stock Exchange Is in Merger Talks With German Rival

  • Shares in both companies soar as merger talks emerge
  • Deal would be a merger of equals between the exchanges
Bloomberg business news

LSE Confirms Deutsche Boerse Merger Talks

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London Stock Exchange Group Plc said it was in merger talks with Deutsche Boerse AG, a deal that would create the dominant European exchange operator.

Just three days after British Prime Minister David Cameron set a date for a referendum on leaving the European Union, the London and Frankfurt-based market operators confirmed the discussions to create a business worth more than 20 billion pounds ($28 billion). Shares in both companies soared.