Photographer: Chris Ratcliffe/Bloomberg

LSE, Deutsche Boerse Do ‘Street Sweep’ to Hinder Rivals

Updated on
  • Companies hoard banks to make it harder for rivals to bid
  • ICE says it's considering counter bid, CME said to also look

London Stock Exchange Group Plc and Deutsche Boerse AG have gone on a hiring spree for banks in a so-called street sweep, as they try to fend off interlopers to their European exchange merger by hoarding advisers and financing, according to people familiar with the matter.

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