Saturday, December 10, 2005
LSE: Macquarie could make higher bid of more than GBP 1.6bn next week - report
Macquarie Bank could undertake another takeover approach for the London Stock Exchange (LSE) next week, valuating the LSE more than GBP 1.6bn, the Evening Standard reported.
The paper quoted a broker saying Macquarie could possibly make a new detailed offer before 15 December. As a delaying tactic this would give Macquarie more time to find a possible consortium partner.
Earlier today, LSE had rejected Macquarie Bank's 580p per share offer.
SourceEvening Standard
ValueGBP 1,500m (LSE approx. market cap)
The paper quoted a broker saying Macquarie could possibly make a new detailed offer before 15 December. As a delaying tactic this would give Macquarie more time to find a possible consortium partner.
Earlier today, LSE had rejected Macquarie Bank's 580p per share offer.
SourceEvening Standard
ValueGBP 1,500m (LSE approx. market cap)
