Deals
London Stock Exchange, Deutsche Boerse Agree on Merger
- Deal creates a European counterweight to other major exchanges
- Despite agreement, other bourse operators may enter bids
Deutsche Boerse CEO: LSE Deal 'Truly a Merger of Equals'
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Deutsche Boerse AG agreed to acquire London Stock Exchange Group Plc, a deal that may kick off a bidding war as rival Intercontinental Exchange Inc. contemplates a counter offer.
LSE-Deutsche Boerse would be the world’s biggest exchange operator by revenue and second-largest by market value, sandwiched between CME Group Inc. and ICE. Chicago-based CME is also assessing whether to make a bid, according to people familiar with the matter. A combination of LSE and ICE would create a new global leader, with a market value about $10 billion greater than CME’s.