Intercontinental Exchange circles London Stock Exchange
NEW YORK (AP) — Intercontinental Exchange Inc. is considering a bid for the London Stock Exchange, looking to potentially thwart its merger talks with Deutsche Boerse.
Last month London Stock Exchange Group PLC said that it was holding discussions with Deutsche Boerse over a possible tie up. Two previous attempts to combine the European exchanges, in 2000 and 2004, failed.
ICE, the owner of the New York Stock Exchange, said Tuesday that it has yet to decide whether to pursue an offer and hasn't reached out to LSE's board.
A firm intention to move forward in a bid for the London exchange must be made known by March 29, ICE said, to comply with industry rules.