The Year in the Markets: Intrigue Over the Exchanges and Floats, but Scotland Still Trails for Ipos
Sunday Herald › January 03, 2007
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Summary
LONDON Stock Exchange (LSE) was the belle of the international markets in 2006. It not only turned in a blockbuster financial performance by attracting listings from around the world but also continued to be a muchsought-after prize by its acquisitionhungry rivals.
Even as the year drew to a close, LSE chief executive Clare Furse was fighting off a takeover offer from America's Nasdaq.See the full content of this document
Extract
The Year in the Markets: Intrigue Over the Exchanges and Floats, but Scotland Still Trails for Ipos
Furse has already batted away the advances of Euronext and Deutsche Bank and it was rumoured that the New York Stock Exchange was also sizing up the opportunity before settling on Euronext as a prospective partner earlier this year.
Analysts say the LSE board is particularly disinterested in Nasdaq because it does not have derivatives trading and it is worried about America's tougher regulatory regime creeping over the Atlantic. Shareholders will give their opinion in ...See the full content of this document
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