This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

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

The article has changed 5 times. There is an RSS feed of changes available.

Version 0 Version 1
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 and was in turn rejected. The LSE then rejected a formal £1.3bn offer from Deutsche Börse in January 2005. 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.