Deals
Deutsche Boerse-LSE Deal in Danger as EU Demand Rejected
- LSE says regulators unlikely to approve deal over MTS stake
- Deutsche Boerse said it expects EC decision by end of March
How Dead Is the LSE, Deutsche Boerse Deal?
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Deutsche Boerse AG’s $13 billion bid for London Stock Exchange Group Plc headed toward collapse after the U.K. market operator rejected demands by European regulators to sell one of its holdings.
LSE said it couldn’t commit to sell its stake in MTS, an electronic trading platform for government bonds, and declined to submit a counter proposal after European Union officials made divesting the unit a condition for approval. Shares of Deutsche Boerse fell as much as 4.1 percent on Monday, while LSE dropped as much as 3.5 percent.