LSE Says Continues To Progress Proposed Merger With Deutsche Börse

(RTTNews) - Responding to Intercontinental Exchange Inc. (ICE) withdrawal, London Stock Exchange Group Plc (LSE.L) said that ICE had been provided with information and had access to management. However, at no time has ICE made an approach to LSE with a possible proposal or details of any such possible proposal.

LSE noted that it continues to progress the proposed all-share merger with Deutsche Börse AG, announced on 16 March 2016.

Earlier today, ICE said that it has no current intention to make an offer for London Stock Exchange Group. On March 1, ICE had announced that it was considering making an offer for LSEG.

Following due diligence on the information made available, ICE determined that there was insufficient engagement to confirm the potential market and shareholder benefits of a strategic combination.