The London Stock Exchange has attracted praise for its proposed acquisition of Anglo-French clearing house LCH.Clearnet, having been left out in the cold following the failure of its merger with the Toronto Stock Exchange operator TMX Group.
The Financial Times reported this morning that the LSE had fended off rival bidder Markit, the credit information company, to acquire a 51% stake in LCH.Clearnet for €21 a share in a deal that values LCH.Clearnet at around €1bn.
