LSE rejects Nasdaq bid
20/11/2006 - 13:55:15The London Stock Exchange (LSE) rejected a £2.7bn (€4bn) takeover bid from New York rival Nasdaq today.
The LSE said the 1243p-a-share offer “substantially undervalues the company” just hours after Nasdaq lodged its bid.
It is the second time the LSE has rejected an offer from Nasdaq this year, following a £2.4bn (€3.5bn) bid in March.
