London Stock Exchange extends deadline for LCH.Clearnet deal

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London Stock Exchange extends deadline for LCH.Clearnet deal

01-03-2013 08:27

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London Stock Exchange Group announced Friday, alongside LCH.Clearnet Group, that they have agreed to further extend the longstop date of LSE's recommended cash offer for a majority stake in LCH.Clearnet until March 7th.

The delay will allow them to finalise the detailed terms of the previously reported revised offer.

The companies had previously extended the date to February 28th.

Back in December LSE agreed to purchase the stake in LCH.Clearnet for €15 a share, around four euros lower than the previously agreed price.

NR

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