LSE in bid for majority of clearing house LCH

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Series Details 2.9.11
Publication Date 02/09/2011
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The London Stock Exchange made a bid in September 2011 for a majority stake in LCH.Clearnet, raising the stakes in the battle for control of Europe’s last remaining independent clearing house and valuing the company at about €1bn.

The board of LCH.Clearnet decided to approve the London Stock Exchange’s offer for the clearer over the lower proposal from Markit on the 27 September 2011. The bid would then go to LCH.Clearnet’s 98 shareholders for approval.
Related Links
ESO: Background information: D Börse and NYSE Euronext tie-up faces probe http://www.europeansources.info/record/d-borse-and-nyse-euronext-tie-up-faces-probe/
ESO: Background information: LSE chief warns of merger’s threat to UK voice http://www.europeansources.info/record/lse-chief-warns-of-mergers-threat-to-uk-voice/
BBC News, 2.9.11: London Stock Exchange in talks to buy LCH.Clearnet http://www.bbc.co.uk/news/business-14759627
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