On June 30 the London Stock Exchange (LSE) shares jumped 10%. According to The Financial Times, the reason why investors were actively buying LSE’s shares is rumors about the American Nasdaq willing to merge the London Stock Exchange. However, July 1 opened with correction by 2%.
Nasdaq tried to buy LSE at the middle of 2000-es but the deals was cancelled. Instead of the London Exchange, one of the major exchanges in the world, Americans bought OMX, the stock operator which possesses the trading floors in Scandinavia and Baltic states.
In 2011 LSE tried to merge the major stock operator in Canada – TMX Group. Nevertheless, the deal was not completed and according to the data from The Financial Times sources Nasdaq again considered the merger with LSE. However, there is no formal negotiation about this matter.
The financial publication emphasizes that as a result of trades on June 30 the capitalization of LSE increased to 4.6 billion dollars which is more than the one of Nasdaq amounting to 4.4 billion. It may have significant impact on the conditions of the deal if it is concluded.
The representatives of one of the major LSE shareholders – Borse Dubai (this stock exchange has 20% of LSE shares) have already announced their readiness to sell their shares to Nasdaq if they were satisfied with the financial conditions of the bargain.
