(Bloomberg) -- London Stock Exchange Plc, Europe's
third-largest trading platform, reached agreement with Borsa
Italiana SpA on a takeover as the two exchanges respond to
increased competition, two people familiar with the plan said.
The London bourse will offer about 1.6 billion euros ($2.2
billion) for Borsa Italiana, news agency Ansa reported. Borsa
Italiana's board authorized Chief Executive Officer Massimo
Capuano to negotiate the merger with the LSE after a two-hour
board meeting in Milan, said the people, who declined to be
identified before the companies release a statement.
Read more at Bloomberg Stocks News
third-largest trading platform, reached agreement with Borsa
Italiana SpA on a takeover as the two exchanges respond to
increased competition, two people familiar with the plan said.
The London bourse will offer about 1.6 billion euros ($2.2
billion) for Borsa Italiana, news agency Ansa reported. Borsa
Italiana's board authorized Chief Executive Officer Massimo
Capuano to negotiate the merger with the LSE after a two-hour
board meeting in Milan, said the people, who declined to be
identified before the companies release a statement.
Read more at Bloomberg Stocks News
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