The owner of the New York Stock Exchange (NYSE) has secured funding in preparation of its £10bn takeover bid for the London Stock Exchange (LSE).
InterContinental Exchange (ICE) reached an agreement with Morgan Stanley, Wells Fargo and Japan's Mitsubishi UFJ to provide part of the debt required to finance its offer for the LSE Group, according to Skynews. Other lenders are expected to be added to the syndicate in the coming weeks as ICE finalises the terms of a proposal, the paper wrote. ICE has been rumoured to be examining a counter bid for the LSE since the group's announcement in February that it was in talks about a £21bn merger with German counterpart Deutsche Boerse. The NYSE's owner is now understood to have approach...
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