Euronext Springs London Exchange Cash Bid Surprise

Summary

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EURONEXT today dramatically raised the stakes in the Pounds 1.5billion auction for the London Stock Exchange by announcing that its bid is "likely to be solely in cash".

This came as a surprise to investors, who had assumed the Paris- based amalgam of the French, Dutch and Belgian bourses would have to make its offer in a mixture of shares and cash.

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Euronext Springs London Exchange Cash Bid Surprise

A cash-and-shares offer from Euronext would have made its bid potentially much less ...

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