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  • Deutsche Boerse, LSE to merge

    The two groups announce a merger of equals with potential annual cost savings of almost half a billion dollars.

  • *Corporate headquarters in London and Frankfurt. The new firm, which will be domiciled in Britain, with a primary listing in the blue-chip FTSE 100, will also have a home on the Frankfurt Stock Exchange and have corporate headquarters in both cities. Nearly 16 years after their first attempt to merge, the London and Frankfurt exchanges last month confirmed they...

  • *Under terms of merger, LSEG shareholders will be entitled to receive 0.4421 UK topco shares in exchange for each LSEG share and DBAG shareholders will be entitled to receive one UK topco share in exchange for each DBAG share. *Total recurring cost synergies of EUR450 million per annum are equivalent to approximately 20 per cent of combined group's 2015...

  • The two companies will seek to overcome the kind of regulatory concerns that scuppered Deutsche Boerse's attempt to merge with NYSE Euronext four years ago, a deal blocked because it would have created a near-monopoly on exchange-traded derivatives in Europe. They could argue there is less overlap between certain business lines in any one region, namely...

  • BRIEF-LSEG CEO SAYS "MERGER OF EQUALS" ONLY WAY TO DESCRIBE. March 4- London Stock Exchange Group Plc. *Expect a competitive landscape to continue with a relatively small number of globally positioned exchanges, infrastructure companies connecting Asia, Europe and the American markets- CEO.

  • March 4- London Stock Exchange Group, which is in talks to merge with Deutsche Boerse to create a pan-European trading house, reported a 31 percent rise in full-year adjusted pre-tax profit on Friday. The company, which owns Borsa Italiana and the London Stock Exchange, said discussions with Deutsche Boerse were ongoing over a potential merger which would...

  • March 4- London Stock Exchange Group, which is in talks to merge with Deutsche Boerse to create a pan-European trading house, reported a 31 percent rise in full-year adjusted pre-tax profit on Friday. The company, which owns Borsa Italiana and the London Stock Exchange, said discussions with Deutsche Boerse were ongoing. LSE and Deutsche Boerse said last week...

  • March 3- New York Stock Exchange owner Intercontinental Exchange Inc's potential offer for the London Stock Exchange could include a proposal to spin off the LSE's Italian business and French clearing arm, a person familiar with the matter said. LSE is already considering spinning off Paris- based Clearnet SA, the Financial Times reported, citing people...

  • *Hong Kong bourse keeping close eye on LSE/Deutsche Boerse deal. March 2- Hong Kong Exchanges and Clearing Ltd said it isn't actively looking for acquisition targets, even as it is keeping a close eye on a proposed bid for London Stock Exchange by Deutsche Boerse. HKEx is "pretty busy" with its China strategy and organic growth, but will look at potential...

  • HONG KONG, March 2- Hong Kong Exchanges and Clearing Ltd is keeping a close eye on a proposed bid for London Stock Exchange by Deutsche Boerse, Charles Li, chief executive of the Asian bourse operator said on Wednesday. "I'm not saying we're doing anything and I'm not saying we are not doing anything. HKEx will be maintaining a lot of conversations to stay on top of the...

  • MELBOURNE, March 2- The London Metal Exchange posted a 36 percent jump in revenue for 2015 to HK1.735 billion, as higher trading fees and tariffs helped it offset a drop in volumes, its Hong Kong owner said on Wednesday. The revenue gains at its London unit was a key contributor to Hong Kong Exchanges and Clearing Ltd's record net profit last year, showing the payback...

  • *CME also considering bid for LSE- Bloomberg. March 1- New York Stock Exchange owner ICE said it may make a rival bid for London Stock Exchange, raising the prospect of a takeover battle with Deutsche Boerse and lifting LSE shares to a record high on Tuesday. LSE Chief Executive Xavier Rolet has been one of the most vocal advocates of consolidation.

  • MILAN/ LONDON, March 1- European shares rose on Tuesday, with exchange operator London Stock Exchange boosted by speculation of a possible bidding war and auto stocks helped by continued weakness in the euro. "With ICE now also being interested, it looks... more likely for a deal to be done," said Charles Hanover Investments partner Dafydd Davies.

  • *CME also considering bid for LSE- Bloomberg. March 1- New York Stock Exchange owner ICE said it may make a rival bid for London Stock Exchange, raising the prospect of a takeover battle with Deutsche Boerse and lifting LSE shares to a record high on Tuesday. Atlanta- based Intercontinental Exchange Inc said it had not yet approached LSE and may not pursue a deal at all,...

  • MILAN/ LONDON, March 1- European shares rose on Tuesday, with exchange operator London Stock Exchange boosted by speculation of a possible bidding war and auto stocks helped by continued weakness in the euro. "With ICE now also being interested, it looks... more likely for a deal to be done," said Charles Hanover Investments partner Dafydd Davies.

  • LONDON, March 1- European shares extended the previous session's gains on Tuesday, with London Stock Exchange leading the market higher after Intercontinental Exchange confirmed a possible counterbid for the British operator. The market got early support after activity in China's manufacturing sector shrank more sharply than expected in February,...

  • Shares in LSEG, which had a market capitalisation of $13 billion as on Monday, rose as much as 8.8 percent to a record high of 2914 pence on Tuesday morning. ICE is planning a counter bid for LSEG in an attempt to scuttle a merger with Deutsche Boerse, Bloomberg reported earlier on Monday citing sources. Atlanta- based ICE must make an offer for LSEG no later than March...

  • March 1- Exchange and clearing house operator Intercontinental Exchange Inc said it was considering making an offer for London Stock Exchange Group Plc. No approach has been made to the board of LSEG, and no decision has been made yet as to whether to pursue such an offer, ICE said in a statement. ICE is planning a counter bid for LSEG in an attempt to scuttle a merger...

  • NEW YORK, Feb 29- IEX Group, the private U.S. stock trading platform featured in Michael Lewis's book "Flash Boys: A Wall Street Revolt," said on Monday it amended its exchange application to address a practice that critics have said would give it an unfair speed advantage. IEX applied in September to become a public stock exchange, prompting a flood of nearly 400...

  • *Baltic says holding discussions with several parties. *SGX puts in preliminary bid for Baltic Exchange. LONDON/ SINGAPORE, Feb 26- The Baltic Exchange confirmed on Friday it had received a number of "exploratory approaches" after the Singapore Exchange Ltd revealed it was seeking to buy the business which has been the hub of the global shipping market for...