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Apcims demands iX vote delay as LSE rejects hostile takeover bid

London Stock Exchange has rejected a hostile takeover approach from OM Gruppen, which runs the Swedish stock and derivatives exchange.

Olaf Stenhammar, chairman of OM Gruppen, is understood to have delivered the offer - £20 in new OM shares and £7 in cash for each LSE share - to Don Cruickshank, chairman of the LSE, by telephone on Thursday evening.

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