NASDAQ launches hostile bid for London Stock Exchange

NASDAQ launches hostile bid for London Stock Exchange

As expected, NASDAQ has finally launched a 2.7 billion pound hostile bid for the London Stock Exchange.

They are now aiming to directly appeal to the investors as LSE has shown no interest in being acquired.

NASDAQ incidentally already owns 28.75 percent of the London Stock Exchange and they had bid 1,243 pence a share in cash for the rest.

Market analysts too believe that LSE is running out of options now that British financial markets broker ICAP has decided not to pursue fresh merger talks.

The share markets around the world are consolidating as they are facing intense pressure from customers who want lower fees and broader offerings.