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The operator of the New York Stock Exchange, the InterContinental Exchange has backtracked on its intentions to bid for the London Stock Exchange. The company has made its first official announcement on the matter after back in March. At the time the firm outlined its interest to bid to acquire interest in Europe’s biggest exchange.
Last month, Deutsche Borse and London Stock Exchange have jointly announced that they are engaging in a merger of equals. The move has left the door open for the operator of the New York Stock Exchange to make a hostile bid for the largest exchange in ... (read more)