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You can find the current article at its original source at http://www.theguardian.com/business/2016/feb/23/london-stock-exchange-in-merger-talks-with-deutsche-borse
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| London Stock Exchange in merger talks with Deutsche Börse | London Stock Exchange in merger talks with Deutsche Börse |
| (35 minutes later) | |
| The London Stock Exchange is in talks to merge with Germany’s Deutsche Börse in a deal that would seal an alliance first discussed at the turn of the millennium. | The London Stock Exchange is in talks to merge with Germany’s Deutsche Börse in a deal that would seal an alliance first discussed at the turn of the millennium. |
| Related: London Stock Exchange in merger talks with Deutsche Börse - business live | |
| The LSE confirmed on Tuesday it was in detailed discussions with its German rival about an all-share merger. Under the proposed structure, Deutsche Börse shareholders would own 54.4% of the combined company and LSE shareholders would hold 45.6%. | The LSE confirmed on Tuesday it was in detailed discussions with its German rival about an all-share merger. Under the proposed structure, Deutsche Börse shareholders would own 54.4% of the combined company and LSE shareholders would hold 45.6%. |
| The UK exchange said: “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 UK exchange said: “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 exchanges have considered combining forces before. They agreed to merge in 2000 before a rival bid for the LSE from Sweden’s OM Gruppen scuppered the deal, but was then rejected. The LSE then rejected a formal £1.3bn offer from Deutsche Börse in January 2005. | |
| The LSE confirmed the latest talks after its shares surged in response to a Reuters report about a possible merger. LSE shares jumped 12.4% to £26 and Deutsche Börse shares rose 3.6% to €79.08. | The LSE confirmed the latest talks after its shares surged in response to a Reuters report about a possible merger. LSE shares jumped 12.4% to £26 and Deutsche Börse shares rose 3.6% to €79.08. |
| The LSE said a merger would generate revenue and cost gains and that all major business divisions would operate under their existing brand names. | The LSE said a merger would generate revenue and cost gains and that all major business divisions would operate under their existing brand names. |