WebProNews

Deutsche Boerse dropped its 1.3 billion pound bid for the London Stock Exchange leaving Euronext as the only company that has expressed interest in buying it.

LSE shares fell while Euronext hit its highest ever.

According to a Reuters article,

"The LSE declined to comment on the Deutsche Boerse withdrawal, and a source familiar with the situation said the LSE board was meeting to discuss developments. "The meeting is ongoing," the source said.

The cross-border exchange Euronext said it had taken note of Deutsche Boerse's withdrawal but did not wish to comment at this stage.

Sources familiar with the situation said Euronext, which had said it could make an offer for the LSE that would generate far more synergies than Deutsche Boerse's, would wait for an LSE statement before making its next move known."

WebProNews | Breaking eBusiness News
Your source for investigative ebusiness reporting and breaking news.