The London Stock Exchange (LSE) has tendered an offer to acquire a majority stake in LCH.Clearnet, Financial Times reports. The deal will value the European independent clearing house at about €1 billion, nearly €21 a share. LCH.Clearnet helps the U.K. bourse to clear U.K. stocks and for FTSE index futures.
U.K. post-trade services group Markit is also eying the stake. Markit has been working along with both NYSE Euronext and Nasdaq OMX as potential partners for the acquisition.
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