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He was not my 1st choice, but I do agree with this sentiment. The LSE needed this deal to compete with the other larger exchanges.
Cadburys and others were loaded up with " home protection" clauses, which lasted a heart beat. A quick buck and a stronger divided in the short term for the FEW, is no reason to abandon the millions who use the product and want it to remain British year in year out. So many were willing to stay on the train leading to a single state. It also gave LSE shareholders a stake in a European Stock.
London has a flourishing artistic, theater and music scene.
Just think of the West End with its numerous musical theaters or the many world-famous London-based bands and musicians, such as the Rolling Stones, The Who, Queen with Freddie Mercury, The Sex Pistols, David Bowie, Culture Club with Boy George, the Pet Shop Boys, Coldplay or the Spice Girls.
The Exchange was founded in 1801 and its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London.
Share buy back and the possibility of new bid interest is moving this share upwards. LSE also sees opportunities to grow itself and possibly to go shopping again itself. TM should not have let ARM go, again a world leader, to be taken over.
Most of our airports, water and electricity companys are owned overseas. Can you image Angela Merkel allowing 80% of the same to be owned by Japan, or Mexico or Italy.
The Exchange is part of the London Stock Exchange Group.
London Stock Exchange is one of the world’s oldest stock exchanges and can trace its history back more than 300 years.
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