SlideShare a Scribd company logo
1 of 2
Download to read offline
London Stock Exchange History
The London Stock Exchange was founded in Sweeting's Alley in London in 1801.[3] It moved to Capel
Court the following year.[3]
In 1972, the Exchange moved to a new purpose-built building and trading floor in Threadneedle Street.
Deregulation, sometimes known as "big bang", came in 1986 and external ownership of member firms
was allowed for the first time.[3] In 1995, the Alternative Investment Market was launched and in 2004
the Exchange moved again, this time to Paternoster Square.[3]
Between April and May 2006, having been rebuffed in an informal approach, Nasdaq built up a 23%
stake in the Exchange.[4] The stake grew to 29% as a result of the London exchange's share
consolidation.[5] Nasdaq has since sold its investment.[6]
Stock Strategy
In 2007, the Exchange acquired the Milan-based Borsa Italiana for €1.6bn (£1.1bn; US$2bn) to form the
London Stock Exchange Group plc. The combination was intended to diversify the LSE's product offering
and customer base. The all-share deal diluted the stakes of existing LSE shareholders, with Borsa Italiana
shareholders receiving new shares representing 28 per cent of the enlarged register.[7]
On 16 September 2009, the London Stock Exchange Group agreed to acquire Millennium Information
Technologies, Ltd., a Sri Lankan-based software company specialising in trading systems, for US$30m
(£18m). The acquisition was completed on 19 October 2009.[8]
On 9 February 2011, TMX Group, operator of the Toronto Stock Exchange agreed to join forces with the
London Stock Exchange Group in a deal described by TMX head Tom Kloet as a 'merger of equals'
(though 8/15 board members of the combined entity will be appointed by LSE, 7/15 by TMX).[9] The
deal, subject to government approval would create the world's largest exchange operator for mining
stocks.[10] In the UK, the LSE Group first announced it as a takeover, however in Canada the deal was
reported as a merger.[11] The provisional name for the combined group would be LTMX Group plc.[12]
On 13 June 2011, a rival, and hostile bid from the Maple Group of Canadian interests, was unveiled for
the TMX Group. This was a cash and stock bid of CA$3.7 billion, launched in the hope of blocking the LSE
Group's takeover of TMX. The group was composed of the leading banks and financial institutions of
Canada.[13] The London Stock Exchange however announced it was terminating the merger with TMX
on 29 June 2011 citing that "LSEG and TMX Group believe that the merger is highly unlikely to achieve
the required two-thirds majority approval at the TMX Group shareholder meeting".[14]
In July 2012, the LSE bought a 5% stake in Delhi Stock Exchange.[15]
On 2 June 2014, the LSE became the 10th stock exchange to join the United Nations' Sustainable Stock
Exchanges (SSE) initiative.[16][17][18]
On 26 June 2014, the LSE announced it had agreed to buy Frank Russell Co., making it one of the largest
providers of index services.[19]
In January 2015, Reuters reported that the London Stock Exchange Group planned to put Russell
Investments up for sale, and estimates the sale will produce $1.4 billion.[20]
In March 2016, the company announced it had reached an agreement with Deutsche Börse to merge.
The companies would have been brought under a new holding company, UK TopCo, and would retain
both headquarters in London and Frankfurt.[21] On 25 February 2017, the London Stock Exchange
Group PLC stated it wouldn't sell its fixed-income trading platform in Italy to Deutsche Börse AG, to
appease anti-trust concerns. The planned merger between the two exchanges, which was estimated to
create the largest exchange in Europe, was subsequently described as "at risk" by the Wall Street
Journal.[22] The merger attempt was blocked by EU Competition Regulator on 29 March 2017 stating
that "The Commission's investigation concluded the merger would have created a de facto monopoly in
the markets for clearing fixed income instruments".[23]
https://stockstrategy.net/
In August 2019, the company agreed to buy Refinitiv in an all-share transaction valuing the target at $27
billion.[24] Shortly thereafter, on 11 September 2019, LSEG itself became the target of a £32 billion bid
by the Hong Kong Exchanges and Clearing, subject to abandoning its plans to buy Refinitiv.[25] LSEG
rejected the takeover bid two days later.[26] In order to secure the Refinitiv deal, in July 2020, LSEG
announced that it was considering selling its Italian assets including MTS, Italian bond trading venue and
potentially Borsa Italiana.[27]
On 18 September 2020, LSEG entered into exclusive talks to sell the Italian Bourse to Euronext.[28] The
acquisition was announced on 9 October of that same year and was completed on 29 April 2021.

More Related Content

Similar to History.pdf

Guidetolisting
GuidetolistingGuidetolisting
Guidetolistingnnblade
 
Casino Bank unlimited protection from BoE
Casino Bank unlimited protection from BoECasino Bank unlimited protection from BoE
Casino Bank unlimited protection from BoEDerek Louden
 
09.10.2011 Attracting international investors to Mongolia through London - A ...
09.10.2011 Attracting international investors to Mongolia through London - A ...09.10.2011 Attracting international investors to Mongolia through London - A ...
09.10.2011 Attracting international investors to Mongolia through London - A ...The Business Council of Mongolia
 
Internship report of share khan
Internship report of share khanInternship report of share khan
Internship report of share khanHarshita Bansal
 
Scotsie 100: Sixty Years of Scottish Stocks
Scotsie 100: Sixty Years of Scottish StocksScotsie 100: Sixty Years of Scottish Stocks
Scotsie 100: Sixty Years of Scottish StocksLondon Business School
 
Shell as a learning organization
Shell as a learning organizationShell as a learning organization
Shell as a learning organizationMohammad M. Younesi
 
FESE Capital Markets Academy - What are exchanges?
FESE Capital Markets Academy - What are exchanges?FESE Capital Markets Academy - What are exchanges?
FESE Capital Markets Academy - What are exchanges?StephenGilmore10
 
Capital V #8 Building an Onshore Hub for Private Equity
Capital V #8 Building an Onshore Hub for Private EquityCapital V #8 Building an Onshore Hub for Private Equity
Capital V #8 Building an Onshore Hub for Private EquityLPEA
 
HULT Private Capital say surge in private equity is continuing into 2022
HULT Private Capital say surge in private equity is continuing into 2022 HULT Private Capital say surge in private equity is continuing into 2022
HULT Private Capital say surge in private equity is continuing into 2022 HULT Private Capital
 
The-privatisation-of-royal-mail
The-privatisation-of-royal-mailThe-privatisation-of-royal-mail
The-privatisation-of-royal-mailMatthew Rees
 
London Bridge Plan
London Bridge PlanLondon Bridge Plan
London Bridge PlanShane Clarke
 
Getting the Deal Through - Debt Capital Markets 2017
Getting the Deal Through - Debt Capital Markets 2017Getting the Deal Through - Debt Capital Markets 2017
Getting the Deal Through - Debt Capital Markets 2017Loyens & Loeff
 
181115 what are exchanges final (1)
181115 what are exchanges final (1)181115 what are exchanges final (1)
181115 what are exchanges final (1)remiberland
 
181115 what are-exchanges-final-(2)-(1)-1-18
181115 what are-exchanges-final-(2)-(1)-1-18181115 what are-exchanges-final-(2)-(1)-1-18
181115 what are-exchanges-final-(2)-(1)-1-18remiberland
 
Us stock market by aum rathod
Us stock market by aum rathodUs stock market by aum rathod
Us stock market by aum rathod074RathodAum
 
An Investor Guide To Commodities
An Investor Guide To CommoditiesAn Investor Guide To Commodities
An Investor Guide To Commoditiesmudits
 

Similar to History.pdf (20)

British Airways
British AirwaysBritish Airways
British Airways
 
Guidetolisting
GuidetolistingGuidetolisting
Guidetolisting
 
Casino Bank unlimited protection from BoE
Casino Bank unlimited protection from BoECasino Bank unlimited protection from BoE
Casino Bank unlimited protection from BoE
 
09.10.2011 Attracting international investors to Mongolia through London - A ...
09.10.2011 Attracting international investors to Mongolia through London - A ...09.10.2011 Attracting international investors to Mongolia through London - A ...
09.10.2011 Attracting international investors to Mongolia through London - A ...
 
Internship report of share khan
Internship report of share khanInternship report of share khan
Internship report of share khan
 
Scotsie 100: Sixty Years of Scottish Stocks
Scotsie 100: Sixty Years of Scottish StocksScotsie 100: Sixty Years of Scottish Stocks
Scotsie 100: Sixty Years of Scottish Stocks
 
Shell as a learning organization
Shell as a learning organizationShell as a learning organization
Shell as a learning organization
 
FESE Capital Markets Academy - What are exchanges?
FESE Capital Markets Academy - What are exchanges?FESE Capital Markets Academy - What are exchanges?
FESE Capital Markets Academy - What are exchanges?
 
Capital V #8 Building an Onshore Hub for Private Equity
Capital V #8 Building an Onshore Hub for Private EquityCapital V #8 Building an Onshore Hub for Private Equity
Capital V #8 Building an Onshore Hub for Private Equity
 
federal reserve.
federal reserve.federal reserve.
federal reserve.
 
HULT Private Capital say surge in private equity is continuing into 2022
HULT Private Capital say surge in private equity is continuing into 2022 HULT Private Capital say surge in private equity is continuing into 2022
HULT Private Capital say surge in private equity is continuing into 2022
 
The-privatisation-of-royal-mail
The-privatisation-of-royal-mailThe-privatisation-of-royal-mail
The-privatisation-of-royal-mail
 
London Bridge Plan
London Bridge PlanLondon Bridge Plan
London Bridge Plan
 
Getting the Deal Through - Debt Capital Markets 2017
Getting the Deal Through - Debt Capital Markets 2017Getting the Deal Through - Debt Capital Markets 2017
Getting the Deal Through - Debt Capital Markets 2017
 
Soup kitchens
Soup kitchensSoup kitchens
Soup kitchens
 
181115 what are exchanges final (1)
181115 what are exchanges final (1)181115 what are exchanges final (1)
181115 what are exchanges final (1)
 
British Airways
British AirwaysBritish Airways
British Airways
 
181115 what are-exchanges-final-(2)-(1)-1-18
181115 what are-exchanges-final-(2)-(1)-1-18181115 what are-exchanges-final-(2)-(1)-1-18
181115 what are-exchanges-final-(2)-(1)-1-18
 
Us stock market by aum rathod
Us stock market by aum rathodUs stock market by aum rathod
Us stock market by aum rathod
 
An Investor Guide To Commodities
An Investor Guide To CommoditiesAn Investor Guide To Commodities
An Investor Guide To Commodities
 

Recently uploaded

Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...makika9823
 
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service AizawlVip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawlmakika9823
 
Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Call Girls In Yusuf Sarai Women Seeking Men 9654467111Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Call Girls In Yusuf Sarai Women Seeking Men 9654467111Sapana Sha
 
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130Suhani Kapoor
 
Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]Commonwealth
 
Financial institutions facilitate financing, economic transactions, issue fun...
Financial institutions facilitate financing, economic transactions, issue fun...Financial institutions facilitate financing, economic transactions, issue fun...
Financial institutions facilitate financing, economic transactions, issue fun...Avanish Goel
 
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...Henry Tapper
 
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130  Available With RoomVIP Kolkata Call Girl Serampore 👉 8250192130  Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Roomdivyansh0kumar0
 
Instant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School SpiritInstant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School Spiritegoetzinger
 
Andheri Call Girls In 9825968104 Mumbai Hot Models
Andheri Call Girls In 9825968104 Mumbai Hot ModelsAndheri Call Girls In 9825968104 Mumbai Hot Models
Andheri Call Girls In 9825968104 Mumbai Hot Modelshematsharma006
 
How Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of ReportingHow Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of ReportingAggregage
 
fca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdffca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdfHenry Tapper
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesMarketing847413
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikCall Girls in Nagpur High Profile
 
Quantitative Analysis of Retail Sector Companies
Quantitative Analysis of Retail Sector CompaniesQuantitative Analysis of Retail Sector Companies
Quantitative Analysis of Retail Sector Companiesprashantbhati354
 
Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024Bladex
 
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur EscortsHigh Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escortsranjana rawat
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdfAdnet Communications
 

Recently uploaded (20)

Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
 
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service AizawlVip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
 
Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Call Girls In Yusuf Sarai Women Seeking Men 9654467111Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Call Girls In Yusuf Sarai Women Seeking Men 9654467111
 
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
 
Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]
 
Financial institutions facilitate financing, economic transactions, issue fun...
Financial institutions facilitate financing, economic transactions, issue fun...Financial institutions facilitate financing, economic transactions, issue fun...
Financial institutions facilitate financing, economic transactions, issue fun...
 
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
 
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130  Available With RoomVIP Kolkata Call Girl Serampore 👉 8250192130  Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
 
Instant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School SpiritInstant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School Spirit
 
Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024
 
Andheri Call Girls In 9825968104 Mumbai Hot Models
Andheri Call Girls In 9825968104 Mumbai Hot ModelsAndheri Call Girls In 9825968104 Mumbai Hot Models
Andheri Call Girls In 9825968104 Mumbai Hot Models
 
How Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of ReportingHow Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of Reporting
 
🔝9953056974 🔝Call Girls In Dwarka Escort Service Delhi NCR
🔝9953056974 🔝Call Girls In Dwarka Escort Service Delhi NCR🔝9953056974 🔝Call Girls In Dwarka Escort Service Delhi NCR
🔝9953056974 🔝Call Girls In Dwarka Escort Service Delhi NCR
 
fca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdffca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdf
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast Slides
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
 
Quantitative Analysis of Retail Sector Companies
Quantitative Analysis of Retail Sector CompaniesQuantitative Analysis of Retail Sector Companies
Quantitative Analysis of Retail Sector Companies
 
Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024
 
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur EscortsHigh Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf
 

History.pdf

  • 1. London Stock Exchange History The London Stock Exchange was founded in Sweeting's Alley in London in 1801.[3] It moved to Capel Court the following year.[3] In 1972, the Exchange moved to a new purpose-built building and trading floor in Threadneedle Street. Deregulation, sometimes known as "big bang", came in 1986 and external ownership of member firms was allowed for the first time.[3] In 1995, the Alternative Investment Market was launched and in 2004 the Exchange moved again, this time to Paternoster Square.[3] Between April and May 2006, having been rebuffed in an informal approach, Nasdaq built up a 23% stake in the Exchange.[4] The stake grew to 29% as a result of the London exchange's share consolidation.[5] Nasdaq has since sold its investment.[6] Stock Strategy In 2007, the Exchange acquired the Milan-based Borsa Italiana for €1.6bn (£1.1bn; US$2bn) to form the London Stock Exchange Group plc. The combination was intended to diversify the LSE's product offering and customer base. The all-share deal diluted the stakes of existing LSE shareholders, with Borsa Italiana shareholders receiving new shares representing 28 per cent of the enlarged register.[7] On 16 September 2009, the London Stock Exchange Group agreed to acquire Millennium Information Technologies, Ltd., a Sri Lankan-based software company specialising in trading systems, for US$30m (£18m). The acquisition was completed on 19 October 2009.[8] On 9 February 2011, TMX Group, operator of the Toronto Stock Exchange agreed to join forces with the London Stock Exchange Group in a deal described by TMX head Tom Kloet as a 'merger of equals' (though 8/15 board members of the combined entity will be appointed by LSE, 7/15 by TMX).[9] The deal, subject to government approval would create the world's largest exchange operator for mining stocks.[10] In the UK, the LSE Group first announced it as a takeover, however in Canada the deal was reported as a merger.[11] The provisional name for the combined group would be LTMX Group plc.[12] On 13 June 2011, a rival, and hostile bid from the Maple Group of Canadian interests, was unveiled for the TMX Group. This was a cash and stock bid of CA$3.7 billion, launched in the hope of blocking the LSE Group's takeover of TMX. The group was composed of the leading banks and financial institutions of Canada.[13] The London Stock Exchange however announced it was terminating the merger with TMX on 29 June 2011 citing that "LSEG and TMX Group believe that the merger is highly unlikely to achieve the required two-thirds majority approval at the TMX Group shareholder meeting".[14] In July 2012, the LSE bought a 5% stake in Delhi Stock Exchange.[15]
  • 2. On 2 June 2014, the LSE became the 10th stock exchange to join the United Nations' Sustainable Stock Exchanges (SSE) initiative.[16][17][18] On 26 June 2014, the LSE announced it had agreed to buy Frank Russell Co., making it one of the largest providers of index services.[19] In January 2015, Reuters reported that the London Stock Exchange Group planned to put Russell Investments up for sale, and estimates the sale will produce $1.4 billion.[20] In March 2016, the company announced it had reached an agreement with Deutsche Börse to merge. The companies would have been brought under a new holding company, UK TopCo, and would retain both headquarters in London and Frankfurt.[21] On 25 February 2017, the London Stock Exchange Group PLC stated it wouldn't sell its fixed-income trading platform in Italy to Deutsche Börse AG, to appease anti-trust concerns. The planned merger between the two exchanges, which was estimated to create the largest exchange in Europe, was subsequently described as "at risk" by the Wall Street Journal.[22] The merger attempt was blocked by EU Competition Regulator on 29 March 2017 stating that "The Commission's investigation concluded the merger would have created a de facto monopoly in the markets for clearing fixed income instruments".[23] https://stockstrategy.net/ In August 2019, the company agreed to buy Refinitiv in an all-share transaction valuing the target at $27 billion.[24] Shortly thereafter, on 11 September 2019, LSEG itself became the target of a £32 billion bid by the Hong Kong Exchanges and Clearing, subject to abandoning its plans to buy Refinitiv.[25] LSEG rejected the takeover bid two days later.[26] In order to secure the Refinitiv deal, in July 2020, LSEG announced that it was considering selling its Italian assets including MTS, Italian bond trading venue and potentially Borsa Italiana.[27] On 18 September 2020, LSEG entered into exclusive talks to sell the Italian Bourse to Euronext.[28] The acquisition was announced on 9 October of that same year and was completed on 29 April 2021.