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.