Challenge LSE Will Not Find So Easy to Dismiss ; CITY COMMENT
Hilton, Anthony, The Evening Standard (London, England)
IT WAS amusing that on the very day the London Stock Exchange published its defence to the offer document from Australian bank Macquarie, the conversation in the coffee break at a City seminar was all about whether it was time to go short of LSE shares.
It highlights a paradox. By almost universal consent the Macquarie bid is too low. The Exchange is booming, its volumes and profitability are soaring and its shares are comfortably ahead of the bid price. Because the offer is relatively low and the bidder has a private-equity rather than a market pedigree, the management of the LSE has thus far successfully sought to classify the bid as noise, and not to be taken …
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Publication information:
Article title: Challenge LSE Will Not Find So Easy to Dismiss ; CITY COMMENT.
Contributors: Hilton, Anthony - Author.
Newspaper title: The Evening Standard (London, England).
Publication date: January 2, 2006.
Page number: 31.
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