Exchange Bid May Fall

The JournalMarch 14, 2005

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Summary


Rebel shareholders could force the last remaining suitor for London Stock Exchange to walk away from a takeover.

It is understood US hedge funds will oppose any attempt by Pan- European exchange Euronext to offer much more than 400p a share, valuing the LSE at just pounds 1bn.

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Extract


Exchange Bid May Fall

Such an offer would fall short of the poun...

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