OFT investigates LSE take over bids - Papers 29th March

The paper says the results of the OFT’s two-month review of the two competing bids for the LSE from Deutsche Börse and Euronext could be announced today. A detailed questionnaire, sent to LSE customers by the OFT and obtained by the Financial Times asks: “What leverage do you have in your negotiations with exchanges given that there appear to be relatively few alternatives to trading on an exchange?” If it concludes that broader competition questions have to be answered, the OFT could refer one or both putative bids to the Competition Commission, which is likely to stall any deal. La...