Shares in the London stock exchange shot up by 9% after the owner of NYSE [Intercontinental Exchange] said it was considering making an offer for the company [LSE]. The LSE board of directors however said it has not received a formal proposal from Intercontinental Exchange. Read more here
I there was an offer put in the table, with the LSE being in a relatively strong position at the moment it would have to be a sizeable one. With the EU referendum just around the corner, wouldn't it be best to wait and see just what effect that has on the markets first?
Hmm, isn't it just a ploy to poke the stock prices? I mean it can be real as per the plan of NYSE owners to buy LSE or it may just be a hype perpetrated by media. For all we know the talks have started only in social media. But at any rate, that plan to buy has an impact on the stable prices of stocks in London. I just can't say if the impact is negative or positive, depending on where you stand. But I personally think it is only a rumor that can be discounted.
That is a very interesting idea and quite possibly the whole reason for the offer. Rumors are what the market runs on it seems. I make more money by listening to rumors and making margin buys to magnify my results than any other way other than my old trusty dividend stocks that pay every quarter. And pay, and pay, and......
That apparently is the reason why Intercontinental Exchange is expressing an interest in buying the LSE. In the meantime though the LSE is still in merger talks with Duestche Borse. If Intercontinental Exchange's offer is better than the German company's . . .
