The London Stock Exchange just doesn’t seem to want to be taken over. This morning NASDAQ announced that it was withdrawing from the battle to own the LSE, after the LSE turned down its offer.
The NASDAQ move leaves Euronext - which recently gained regulatory approval for an LSE bid, and the New York Stock Exchange in the running
And yet we could see good reasons why the combination of NASDAQ and LSE could have created a formidable team. In the short term, the LSE might have gained more, but in the long term, as the global economy continues to grow with new economic superpowers emerging, we can’t help the feeling that the NASDAQ LSE combo could have created a force that would have sat in the middle of this new vast global market.
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