Exchange can't see the "potential market and shareholder benefits" of merger
The Intercontinental Exchange has taken
the unusual step of saying it does not plan to bid to buy the
London Stock Exchange Group, something the US exchange group
said it was considering in early March.
ICE said in a statement on Wednesday:
"Following due diligence on the information made available, ICE
determined that there was insufficient engagement to confirm
the potential market and shareholder benefits of a strategic
combination. Therefore, ICE has confirmed that it has no
current intention to make an offer for LSEG."
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