Frosty reaction to OM Gruppen's increased bid for LSE

The London Stock Exchange on Friday responded quickly and angrily to the increased hostile takeover bid launched by Sweden's OM Gruppen.

The LSE, in a statement by the board, said it believed that OM's revised offer &quotcontinues to represent inadequate value for shareholders and offers no proven benefits for customers&quot. The board urged shareholders to reject the new offer.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached