London Stock Exchange agreed revised offer for LCH.Clearnet

London Stock Exchange Group (LSE) has agreed the terms on a revised recommended cash offer for a majority stake in LCH.Clearnet's issued share capital, which LSE believes 'strongly positions' it for a long-term, leading role in global market infrastructure.

London Stock Exchange Group (LSE) has agreed the terms on a revised recommended cash offer for a majority stake in LCH.Clearnet's issued share capital, which LSE believes 'strongly positions' it for a long-term, leading role in global market infrastructure.

LSE will acquire up to a further 55% in LCH.Clearnet, a provider of clearing and risk management services, in addition to its existing 2.3% holding. LCH shareholders who accept the offer will receive €15 per share, comprising a cash consideration of €14 and a deferred consideration of €1.0.

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