Deutsche Boerse urged not to overpay for London Stock Exchange

London Stock Exchange

Some of the biggest shareholders of Deutsche Boerse are cautioning management not to overpay for London Stock Exchange if a counteroffer emerges, according to people familiar with the matter.

Bloomberg News reports that Intercontinental Exchange is contemplating a bid for LSE, which last week agreed to a deal with Deutsche Boerse. The German exchange would get 54% of the company it wants to form with LSE. The all-share transaction with Deutsche Boerse values LSE’s equity at $12.6bn, according to data compiled by Bloomberg.

Some major shareholders of Deutsche Boerse accept the logic of joining with LSE to create Europe’s largest exchange operator, but are concerned regulators won’t approve the transaction, according to people familiar with the discussions who asked not to be named because the talks are private. Meanwhile, some major LSE shareholders want Deutsche Boerse to offer more, people familiar with the matter said last week.

To access the complete Bloomberg News article hit the link below:

Deutsche Boerse Cautioned Not to Pay Too Much for LSE

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