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London Stock Exchange trims offer for clearing house LCH.Clearnet ahead of capital changes

Canadian Press, The Canadian Press
0 Comments| December 24, 2012

LONDON - London Stock Exchange PLC has reduced the value of its bid to buy up to 60 per cent of European clearing house LCH.Clearnet to take into account new capital requirements being imposed by regulators.

The Exchange said Monday that its offer values LCH.Clearnet at a provisional €15 ($19.83) a share, down from the March offer of around €20 a share. The overall value of the deal was not disclosed.

© The Canadian Press, 2005

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