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London Stock Exchange Agrees Merger Deal

The owner of the London Stock Exchange (Other OTC: LDNXF - news) and German counterpart Deutsche Boerse (LSE: 0H3T.L - news) have reached agreement on a "merger of equals".

It (Other OTC: ITGL - news) will result in shareholders of the German firm owning just over 54% of the combined company.

The announcement comes after it emerged that Deutsche faced a potential rival for the transaction, as New York Stock Exchange owner Intercontinental Exchange (NYSE: ICE - news) (Ice) said it was weighing up an offer for the LSE Group.

More follows (Other OTC: UBGXF - news) ...