Update: LSE shares soar as ICE mulls counter bid to head off Deutsche Boerse

Previously in discussions with German stock exchange

Daniel Flynn
clock • 1 min read

The owner of the New York Stock Exchange, Intercontinental Exchange (ICE), is considering making a bid for the London Stock Exchange (LSE), just a week after the latter said it was in merger talks with Deutsche Boerse.

Shares in the LSE soared almost 8% in early trading following ICE's announcement it is considering the counter offer. No approach has been made to the board of LSE, and a decision has not yet been made as to whether to pursue an offer, ICE said. LSE was the highest riser on the FTSE 100 this morning, climbing 7.5% to £28.81 per share on the back of the announcement. Former Standard Life CEO Nish joins LSE board The move is said to be an attempt to thwart a merger with German stock exchange Deutsche Boerse. Last week, LSE, backed by Invesco Perpetual's Mark Barnett and Aviva I...

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