ICE announced during its Q1 16 earnings release that it won’t be proceding with a bid on the LSEG as we had been expecting for weeks with a high probability. ICE justified the move as “following due diligence on the information made available, ICE determined that there was insufficient engagement to confirm the potential market and shareholder benefits of a strategic combination”. This is at first glance a courteous way to define LSEG’s management behaviour not to coop
04 May 2016
Is this really the end? Not so sure...
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Is this really the end? Not so sure...
London Stock Exchange Group plc (LSEG:LON) | 8,818 1058.2 0.1% | Mkt Cap: 47,229m
- Published:
04 May 2016 -
Author:
Farhad Moshiri -
Pages:
3
ICE announced during its Q1 16 earnings release that it won’t be proceding with a bid on the LSEG as we had been expecting for weeks with a high probability. ICE justified the move as “following due diligence on the information made available, ICE determined that there was insufficient engagement to confirm the potential market and shareholder benefits of a strategic combination”. This is at first glance a courteous way to define LSEG’s management behaviour not to coop