June 29, 2011 |
The London and Toronto stock exchanges have abandoned plans for a $3.4-billion tie-up, leaving both in play in a world facing a wave of exchange consolidation. The failure of the bid from the London Stock Exchange for TMX Group opens the door to a hostile offer for the operator of the Toronto Stock Exchange from Canada's Maple Group consortium, a made-in-Canada alternative to a takeover that would have put a big domestic asset in foreign hands. It also turns the spotlight on the London Stock Exchange as a target as exchanges consolidate to grow and broaden their geographic reach, as well as to fight off rivals and new market entrants.
December 28, 2010 |
Nine men accused of terrorism and conspiracy to blow up high-profile targets that reportedly included the U.S. Embassy and the London Stock Exchange in a Christmas bombing campaign made their first appearance in a central London court Monday. Most of the nine, ages 17 to 28, are of Bangladeshi origin. They were among 12 men arrested a week ago in three cities across Britain. Three were released without charge. They were charged late Sunday after a weeklong interrogation by counter-terrorism police at a London police station.
August 21, 2007 |
Nasdaq Stock Market Inc.'s plan to unload its London Stock Exchange stake may put one frustrating bid attempt behind it but increases the need to succeed in its next European foray. That's far from a sure thing. Nasdaq's $3.7-billion friendly takeover bid for Nordic bourse operator OMX faces an aggressive challenge from state-owned exchange operator Borse Dubai, which last week offered a 13% premium over Nasdaq's bid for the Swedish prize.
May 1, 2007 |
German stock exchange Deutsche Boerse said Monday that it had agreed to buy International Securities Exchange Holdings Inc., operator of the second-largest U.S. market for options, for $2.8 billion. With shareholders of New York-based International Securities getting a premium of 50% for their shares, the offer was viewed on Wall Street as one of the most aggressive during a period of growing consolidation among global exchanges.
February 20, 2007 |
The London Stock Exchange plans to cut the minimum size of price changes permitted on some stocks on its markets, a move aimed at reducing trading costs. The so-called tick size on FTSE 100 stocks priced between 10 pence and 199.9 pence will fall to 0.1 pence from 0.25 pence starting March 19. The calculation will take place in real time depending on the share price.
February 11, 2007 |
The Nasdaq Stock Market Inc. failed for the second time in a year to win control of the London Stock Exchange, revealing Saturday that its $5.3-billion hostile bid had been spurned by the British bourse's shareholders. Nasdaq, which abandoned its first attempt at the London exchange several months ago, had extended its current offer by two weeks in an attempt to win over more shareholders -- a move that proved fruitless. In the end, the New York-based exchange received acceptances worth just 0.