Newspaper article International New York Times

N.Y.S.E. Owner Weighs Bid for London Exchange

Newspaper article International New York Times

N.Y.S.E. Owner Weighs Bid for London Exchange

Article excerpt

The IntercontinentalExchange's announcement came a week after the London Stock Exchange and Deutsche Borse said they were in talks on a possible merger.

The IntercontinentalExchange, the owner of the New York Stock Exchange, said on Tuesday that it was considering making a competing offer for the London Stock Exchange Group.

The announcement came a week after the London Stock Exchange and Deutsche Borse said they were in talks on a possible all-share merger, the third time the two big European exchanges have contemplated a tie-up since 2000. It also followed news reports on Monday that the IntercontinentalExchange, which is known as ICE, might be considering a competing bid.

ICE did not provide details on Tuesday of what it might be willing to pay for the London Stock Exchange, saying it had yet to approach the exchange's board. …

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