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LSE could eye NYSE's Liffe spin-offs.


13 December 2011 - The London Stock Exchange (LON:LSE) is seen as a potential buyer for the Liffe operations that Deutsche Boerse (ETR:DB1) and NYSE Euronext (NYSE:NYX) might sell to win regulatory clearance for their planned USD9bn (EUR6.8bn) merger, as the move would further bolster its European future business, Reuters reported, citing an analyst.

According to Berenberg Banka[euro](tm)s analyst Richard Perrott, LSE and Nasdaq OMX (NASDAQ:NDAQ) would be the most likely suitors for any of Deutsche Boerse and NYSE Euronext assets.

The LSE eyes NYSE Euronext's Liffe and Deutsche Boerse's Eurex' European futures and options trading operations, the news agency said.

NYSE and Deutsche Boerse said in a joint statement on Tuesday that they had submitted revised remedies to the European Commission (EC) to address the regulator's remaining competition concerns over their merger.Among the listed concessions, NYSE and Deutsche Boerse mentioned additional disposals of single equity derivatives operations, as well as a commitment to provide the buyer with access to Eurex Clearing for single equity derivatives products.The EC has until 9 February to wrap up its review under a revised calendar agreed by all parties, with the deal expected to complete soon after that in early 2012, the companies said.

LSE would not comment to Reuters on the NYSE Euronext spin-offs.The company announced on Monday a deal to buy British media and education company Pearson's (LON:PSON) 50% in stock market indices and data services group FTSE International Limited in a bid to boost its futures activities.Country: , EuropeSector: Banking/Financial ServicesTarget: Liffe's spin-offsBuyer: London Stock Exchange Group PlcVendor: NYSE Euronext, Deutsche Boerse AGType: Corporate acquisitionStatus: Speculation

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Publication:M & A Navigator
Date:Dec 14, 2011
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