EXPERTS IN
GLOBAL FINANCIAL
MARKET STRUCTURE
EXPERTS IN
GLOBAL FINANCIAL
MARKET STRUCTURE
EXPERTS IN
GLOBAL FINANCIAL
MARKET STRUCTURE
EXPERTS IN
GLOBAL FINANCIAL
MARKET STRUCTURE
The Icap-led consortium of investment banks planning an offer for LCH.Clearnet is set to bid as much as €850m ($1.09bn) for the European clearer, offering shareholders at least a 10% premium on a rival bid from US giant the Depository Trust & Clearing Corporation
The proposed acquisition of Anglo-French clearing house LCH.Clearnet by the US Depository Trust & Clearing Corporation was looking like a done deal, but the emergence last week of a consortium considering a counterbid has the rivals set for a stand-off that will test their nerves to the limit.