London cancels market merger

Series Title
Series Details 12.9.00
Publication Date 12/09/2000
Content Type

The planned merger between the London and Frankfurt stock exchanges has been called off, at least for now. The London Stock Exchange (LSE) said it would withdraw the proposal, so that it could focus on fighting a hostile take-over bid from the owner of the Stockholm stock exchange, OM Gruppen.

Source Link http://news.bbc.co.uk/hi/english/business/newsid_921000/921868.stm
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