LSE rejects to Deutsche Boerse bid

Deutsche Boerse has made a £1.3 billion ($2.49 billion) approach for the London Stock Exchange (LSE), and the LSE’s rejection of it on Monday left observers doubting a much better offer would emerge.

LSE held the door open to talks with Frankfurt, which is making its second attempt in four years to create a dominant European exchange by merging with London.

Analysts said a deal would face regulatory and end-user hurdles. Deutsche Boerse already has its own clearing and settlement houses and operates Eurex, the world’s biggest derivatives exchange. — Reuters