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Chris Hughes

This Merger Needs a Name That Bores Us Stupid

"International Consolidated Airlines Group" is a fine example of putting the patriots to sleep.

Brexit? What Brexit? Xavier Rolet, CEO of the London Stock Exchange, says the group's planned merger with Deutsche Boerse will be domiciled in the U.K. despite comments from the continent that it would be strange for Europe’s top stock exchange to live outside the EU. How can he be sure?

The reasoning might be that the U.K. will still be in the EU when the deal is scheduled to complete early next year. The Brits may not even have started the formal two-year exit process by then. Any German or European regulator demanding a domicile shift could be won round by assurances that the merged company would hold a shareholder vote on moving out of the U.K. if Brexit became a reality.