LONDON - The London Stock Exchange and Euronext had held secret talks about an all-shares merger of equals to create a European super exchange valued at about £6 billion ($17.16 billion), the Observer newspaper said yesterday.
It said detailed discussions on a nil-premium merger deal had taken place between Paris-based Euronext's adviser Morgan Stanley and Merrill Lynch, which represents the LSE.
The plans could be put before Euronext's shareholders on May 23.
- REUTERS
LSE's secret talks with Euronext
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