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Nasdaq 'surprised' at LSE failure to engage

Nasdaq, which is bidding to buy the London Stock Exchange, today expressed surprise that the LSE has refused to open talks about an improved offer price after setting a deadline last week for the UK exchange to hold discussions about a higher bid.

The LSE board has until 15:00 GMT on January 26 to recommend a higher bid but has so far not made contact with Nasdaq.

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