ICE not to make acquisition bid for London Stock Exchange


A follow-up to LeapRate’s earlier report about Intercontinental Exchange Inc (NYSE:ICE) considering a bid for London Stock Exchange Group Plc (LON:LSE)…

ICE today announces that it has no current intention to make an offer for LSEG.

ICE stated that following due diligence on the information made available, it determined that there was insufficient engagement to confirm the potential market and shareholder benefits of a strategic combination.

At the same time, ICE reserves the right to make or participate in an offer for LSEG within the next six months following the date of this announcement.

In March this year, London Stock Exchange Group Plc (LON:LSE) and Deutsche Boerse AG (ETR:DB1) agreed on the terms of a recommended all-share merger, which will see the creation of a new UK holding company – UK TopCo.

You can view the official announcement from ICE by clicking here.

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ICE not to make acquisition bid for London Stock Exchange

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