LSE seals the deal with LCH.Clearnet

The board of the London Stock Exchange (LSE) and the top brass at clearing house LCH.Clearnet have thrashed out the terms under which the clearer will become part of the LSE group.

The board of the London Stock Exchange (LSE) and the top brass at clearing house LCH.Clearnet have thrashed out the terms under which the clearer will become part of the LSE group.

The LSE is offering €19 per LCH.Clearnet share, plus LCH.Clearnet shareholders will be allowed to keep the recently announced special dividend of €1. The terms value LCH.Clearnet at €813m (£677m) with the special dividend thrown in.

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