Stock exchange loses LIFFE
Euronext, the merged Paris, Amsterdam and Brussels securities markets, has beaten the London Stock Exchange in its bid for LIFFE, buying the futures and derivatives exchange for £555m.
The new exchange could become the biggest exchange operator in Europe, beating out the Deutsche Boerse and the LSE.
The Paris-based market?s victory is a serious setback for the LSE, which is now vulnerable to a takeover, according to analysts.
The offer will be unanimously recommended by the LIFFE board to shareholders.