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Battle for Madrid Bourse Erupts; SIX Bids, Euronext in Talks

  • Switzerland’s SIX offers $3.1 billion in ‘amicable’ bid
  • BME shares soar; Euronext had just announced its own talks
The Madrid Stock Exchange.
The Madrid Stock Exchange.Photographer: Angel Navarrete/Bloomberg
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A battle for the Madrid stock exchange erupted as Switzerland’s SIX Group AG announced a 2.8 billion-euro ($3.1 billion) takeover bid, minutes after Euronext NV confirmed its own interest.