Deutsche Boerse AG (ETR:DB1) and London Stock Exchange Group (LON:LSE) have today announced that the companies have reached a merger agreement. As a result, the prospects for a bidding war between the CME (Chicago Mercantile Exchange) Group and the ICE (InterContinental Exchange) have been dispelled.
A bidding war between the CME Group and the ICE was not to be
The companies have reached an agreement to merge and create one of the biggest players on the market, which will be streamlining a product list of multiple asset classes – derivatives, equities, fixed income, FX and energy products.
The unexpected quick conclusion of the deal ... (read more)