Statement re: LIFFE
London Stock Exchange Plc
29 October 2001
Not for release, distribution or publication in whole or in part in or into
the USA, Canada, Australia or Japan
29 October 2001
London Stock Exchange plc ('LSE')
The Board of London Stock Exchange plc (LSE) notes the announcement earlier
today by the Board of London International Financial Futures and Options
Exchange (LIFFE) that it is recommending an offer from Euronext.
The LSE's proposed offer valued LIFFE at approximately £19.00 per share of
which £12.00 was in cash and the balance in new LSE shares.
Clara Furse, Chief Executive of the LSE, said:
'We put forward a bold proposition for the creation of a combined business,
which would have created the first single technology platform for securities
and derivatives. We are surprised that LIFFE did not share our ambitious
vision.'
Don Cruickshank, Chairman, added:
'The London Stock Exchange is the largest stock exchange in Europe with a
strong growing business and is engaged in other opportunities to broaden the
scope and scale of its businesses both organically and through corporate
transactions.'
Ends
Enquiries
Finsbury
James Murgatroyd 020 7251 3801
Jenna Littler
Latest directors dealings
- 16 minutes ago Savannah Energy
- 1 hour ago Buccaneer Energy PLC
- 1 hour ago Savannah Energy
- 1 hour ago Carclo
- 2 hours ago Schroder Japan Growth Fund