01 Mar 2016
ICE may have to make hefty offer in potential bid for LSE

…Executives and analysts alike say the LSE is officially “in play” after it revealed last week it was in talks about an all-share “merger of equals” with Deutsche Börse. On Tuesday ICE indicated it too may make a bid. “The LSE is a pretty hot target and is a massive foothold in European financial markets. Now the LSE is in play you can’t afford not to be a bidder,” said Niki Beattie, head of Market Structure Partners, a consultancy. … Ms Beattie, a former bank head of electronic trading, thinks a deal for the LSE will happen after years of unconsummated bids. “I think that’s why the banks won’t lobby against it this time — the cost savings [from netting margins] will be too great for banks exhausted by regulatory issues.”