Deals
LSE Boosts Dividend as Takeover by Deutsche Boerse Crumbles
- CEO Xavier Rolet says his retirement has been ‘postponed’
- Company expects European Commission decision by April 3
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London Stock Exchange Group Plc said it raised its full-year dividend 20 percent, a potential reward for shareholders reckoning with the likely collapse of Deutsche Boerse AG’s planned takeover of the company.
The exchange shocked investors Sunday by saying the $13 billion deal was unlikely to proceed because it wouldn’t comply with a divestment sought by competition watchdogs. As that plan falters, Chief Executive Officer Xavier Rolet said the company would continue to seek acquisitions and has grown its market share, even with the official trigger for the Brexit process less than a month away.