LONDON: Intercontinental Exchange Inc (ICE) is lining up financing for a bid for the London Stock Exchange Group Plc (LSE), according to people familiar with the matter, as it prepares to go head to head with Deutsche Boerse AG to win control of the UK company.
ICE, which is working with Morgan Stanley and Moelis & Co to explore a takeover of LSE, is in discussions with banks to fund a formal offer in the coming weeks, the people said, asking not to be identified as the deliberations are private.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!