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Sunday 09th of January 2011
July 14, 2005    

LSE suggests making acquisitions of its own

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by Brian Turner
LSE suggests making acquisitions of its own

The London Stock Exchange, target of takeover bids by Deutsche Börse and Euronext, might instead be looking to make acquisitions of its own.

At a shareholder meeting on Wednesday, the chairman of the LSE indicated that such acquisitions are a possibility.

In response to a question posed by a shareholder, Chris Gibson-Smith said that the LSE would only make an acquisition when it would be of value to shareholders, but that the exchange might one day surprise everyone.

He would not elaborate further. He did say that the exchange was keeping “an open mind” about a deal with the groups that had made bids for the LSE, but that any deal would have to be of benefit to both the LSE and its shareholders.

Meanwhile, the LSE reported that in the quarter ending June 30 had upped turnover by 13 percent to £67.7 million.

It said that it was the biggest equity exchange, judging by value, in Europe, twice as large as Euronext, and that it had hosted 80 percent of all the initial public offerings in Europe.

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