London Stock Exchange Group share price leaps as it confirms talks with Deutsche Boerse

 
Emma Haslett
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Shares in London Stock Exchange Group jumped more than 16 per cent to 2,689p in lunchtime trading, after reports emerged that it is talks with its German rival, Deutsche Boerse, over a merger.

The London Stock Exchange subsequently confirmed the talks.

"The boards believe that the potential merger would represent a compelling opportunity for both companies to strengthen each other in an industry-defining combination, creating a leading European-based global markets infrastructure group," the group said.

London-based boutique investment bank Robey Warshaw is advising the LSE on the deal.

23 February 2016 @ 1:15pmLondon Stock Exchange Group (LSE)

The many suitors for LSE
  • 2000 - Deutsche Boerse and LSE enter talks, but the deal falls through with no agreement
  • 2004 - Deutsche Boerse makes another approach for LSE
  • 2005 - Macquarie Bank makes £1.6bn offer but it is rebuffed
  • 2006 - Nasdaq makes £2.4bn offer, which is rebuffed. Later, it buys a 28.75 per cent stake in the company
  • 2007 - LSE buys Borsa Italiana for £1.1bn. Later that year, Nasdaq sells its stake to Borse Dubai
  • 2011 - LSE and TMX merge
  • 2014 - LSE buys index compiler and asset manager Frank Russell Company for $2.7bn
  • 2015 - Russell Investments, the asset management arm of Frank Russell, is sold for $1.15bn