Deals
Deutsche Boerse Cautioned Not to Pay Too Much for LSE
- ICE is contemplating an offer to rival Deutsche Boerse's
- Some shareholders of Deutsche Boerse see regulatory risk
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Some of the biggest shareholders of Deutsche Boerse AG are cautioning management not to overpay for London Stock Exchange Group Plc if a counteroffer emerges, according to people familiar with the matter.
Intercontinental Exchange Inc. is contemplating a bid for LSE, which last week agreed to a deal with Frankfurt-based Deutsche Boerse. The German exchange would get 54 percent of the London-based company it wants to form with LSE. The all-share transaction with Deutsche Boerse values LSE’s equity at 8.9 billion pounds ($12.6 billion), according to data compiled by Bloomberg.