London Stock Exchange, Deutsche Boerse discuss potential merger

GMT 20:43 2016 Tuesday ,23 February

Arab Today, arab today London Stock Exchange, Deutsche Boerse discuss potential merger

Deutsche Boerse
London - Petra

The London Stock Exchange (LSE) said, on Tuesday, it was talking to Deutsche Boerse about a merger deal.

the Board of LSE and the Management Board of Deutsche B?rse confirmed that they are in detailed discussions about a potential merger of equals of the two businesses.

Under the plan, Deutsche B?rse shareholders would hold 54.4% of the new company, while LSE shareholders would hold 45.6%.

Under the proposed terms, LSE shareholders would get 0.4421 shares in the new company for each LSE share they hold. Deutsche Boerse shareholders would be entitled to receive one new share in exchange for each Deutsche Boerse share they hold.

It is the third time the LSE and Deutsche Boerse have tried for years to strike a deal that ended in failure.

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