Thursday, April 9, 2009

Stock exchanges merge


National pride, disagreement on regulatory issues and technological problems limited progress on stock market mergers.
Investors want liquidity, diversity and easy access at low prices, within the euro-zone and beyond.
The stock exchanges are trying to deliver, but they are not quite there yet.
Swedish pitch for London
The most outrageous story of 2000 was the bidding war for the London Stock Exchange (LSE), Europe's largest stock exchange, and the world's fourth biggest.
It had originally planned to merge with Germany's stock market, the Deutsche Börse, to form the iX exchange.
But that was upset in August when an upstart Swedish group entered the battle.
OM Gruppen was not exactly a household name at the time, but its hostile takeover bid for LSE quickly changed that.

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