Nasdaq offers £2.7bn for LSE

The US based tech market has also made a raid on LSE stocks this morning buying 7,065,984 ordinary shares in the LSE at a price of 1,243p each. The Nasdaq has as a result increased its share in the LSE from 25% to 28.75%. Meanwhile it is also offering cash at 200p for every LSE B Share (plus an amount equal to the accrued dividend), valuing the entire issued B share capital of LSE at approximately £16.5m. Nasdaq says it is making its announcement to ensure that all market participants are properly informed of the details of its final offers. It has requested a meeting with LSE's chairman...