NO 242 – APRIL 2013

WFE Focus April 2013
Exchange consolidation news

London Stock Exchange Group’s revised offer for LCH.Clearnet closes

On 5 April 2013, the revised offer of the London Stock Exchange Group to acquire a majority stake in LCH.Clearnet Group closed to further acceptances. At completion, LSEG will hold 57.8% of the LCH.Clearnet issued share capital, which is the maximum possible shareholding by LSEG under the terms of the revised offer. Completion of this revised offer is expected in the second quarter of 2013. Prior to this, the London Stock Exchange Group’s General Meeting passes the resolution relating to this revised offer.