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27/01/05
03:55:00 pm, Categories: Europe Eurofirst, 129 words LSE pushes out second bid
The London Stock Exchange (LSE) has rejected a second bid by German company Deutsche Boerse.
Despite offering 530p on the share, as well as throwing in other service offers to investors, the LSE declared that the offer had failed to realise the "inherent value" of the LSE.
The move comes after high profile investor concerns that Deutsche Boerse would be forced to over-value the LSE.
Talks continue with Euronext, who have yet to make any formal declaration on the move.
There is an expectation on markets that the LSE will be far more favourable towards any following bid by Euronext. Although investors would like the LSE to hold out for £6 on the share, closer ties with Euronext could offer potential savings on general investment services for the longer term.
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