IEI may make counter bid for London Stock Exchange Group March 1, 2016 - 14:20 AMT PanARMENIAN.Net - Exchange and clearing house operator Intercontinental Exchange Inc said on Tuesday, March 1 it was considering making an offer for London Stock Exchange Group Plc (LSEG), a week after Deutsche Boerse AG made a third attempt for a merger with LSEG, Reuters reports. No approach has been made to the board of LSEG, and no decision has been made yet as to whether to pursue such an offer, ICE said in a statement. A spokesman for LSEG declined to comment. ICE is planning a counter bid for LSEG in an attempt to scuttle a merger with Deutsche Boerse. The potential deal between LSEG and Deutsche Boerse would combine the LSE's share-trading operation with the derivatives trading of Deutsche Boerse's Eurex. It would propel the companies to a similar scale as U.S. exchange ICE, which has taken a huge slice of the European derivatives market. Atlanta-based ICE must make an offer for LSEG no later than March 29. Under British takeover rules, Deutsche Boerse must either make an offer or announce it will not do so by March 22, unless it obtains an extension from the UK mergers regulator.  Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
