Deutsche Boerse loses 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 try and hold out to £6 on the share, unless significant saving offers are introduced to provide alternative investor benefits.

Story link: Deutsche Boerse loses second bid