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Deutsche Brse has unveiled details of its 1.35bn bid for the London Stock Exchange.

It have done so in an effort to win over shareholders. Deutsche Brse says that the deal would cut fees and create a "new generation" trading platform.

According to Finextra.com,

"The Brse says its offer, which is subject to on the sole pre-condition of an 'unqualified and unconditional' recommendation from the LSE board, would cut costs for market participants. Tariffs for electronic order book trading would be cut by 10% from January 2006, would remain those levels for five years and probably cut further in the future. The Brse also guaranteed that those fees would never exceed current levels.

The exchange would also offer an alternative to LCH.Clearnet at half the price, but also said it would honour agreements the LSE has with current clearing services providers. In information services, customers subscribing to a combined German and UK data package would receive a 10% discount."

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