06.24.2016

Deutsche Boerse Reaffirms Plan to Buy LSE After Brexit Vote

06.24.2016

(This article originally appeared on Bloomberg)

Deutsche Boerse AG and London Stock Exchange Group Plc, whose planned combination is among the biggest deals between European companies right now, reiterated that they will proceed with the tie-up despite the U.K.’s decision to leave the European Union.”  LSE’s shares slumped 13 percent to 2,375 pence at 8:29 a.m. in London, giving the exchange operator a market capitalization of $12.9 billion. Deutsche Boerse’s stock dropped 7.1 percent to 75.83 euros in Frankfurt.

 

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