LSE acquisition of LCH.Clearnet passes milestone
It's all-systems-go for the London Stock Exchange's agreed takeover of clearing house, LCH.Clearnet, as the bourse operator confirmed it has received acceptances of its offer from holders representing more than half of Clearnet's shares.
It's all-systems-go for the London Stock Exchange's agreed takeover of clearing house, LCH.Clearnet, as the bourse operator confirmed it has received acceptances of its offer from holders representing more than half of Clearnet's shares.
The London Stock Exchange (LSE) has received acceptance in respect of more than 60% of the existing issued ordinary share capital of LCH.Clearnet.
In accordance with the terms of the offer, certain accepting LCH.Clearnet shareholders will have their acceptances scaled back so that the LSE will hold no more than 60% of the existing issued ordinary share capital of LCH.Clearnet.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Completion of the merger ix expected in the fourth quarter of 2012.
JH
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published