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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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February 23, 2016, 2:04 PM UTCUpdated onFebruary 23, 2016, 5:26 PM UTC

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.