Nasdaq abandons £2.4bn bid for LSE

Deutsche Börse 'convinced' Euronext is the right partner

Nasdaq has become the third bidder in just over a year to abandon an offer for the London Stock Exchange after withdrawing an indicative £2.4bn (€3.5bn) proposal it made nearly three weeks ago. The US exchange left the door open to bid again under certain circumstances.

Nasdaq said in a statement that it was pulling its offer of 950p a share but reserved the right to bid again in the next six months should LSE agree to recommend its offer or in the event of a rival bid.

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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