London Stock Exchange Group: A timeline of the deals and attempted transactions the company has been involved with
The announcement of a potential deal between London Stock Exchange Group (LSE) and Deutsche Boerse was not the first time the UK stock market owner has attempted a tie-up. Below is a timeline of the last 15 years of LSE's wheeling and (attempted in some cases) dealing:
May 2000 LSE plans merger with Deutsche Boerse…
August 2000 …but finds itself the subject of a hostile takeover from Sweden's OM Gruppen instead…
October 2000 …which it ultimately rejects
December 2004 Deutsche Boerse tries a second time for a takeover with a £1.4bn bid for LSE, which LSE throws out, claiming it has been undervalued
December 2005 Macquarie Bank in Australia offers up £1.5bn for LSE, which LSE rejects
March 2006 Nasdaq places £2.4bn offer, which is also turned down by LSE
November 2006 Not to be put off, Nasdaq increases its stake in LSE to 28.75 per cent and makes £2.7bn offer.
February 2007 …but the offer expires after it fails to find favour with shareholders
June 2007 LSE’s turn for a shopping spree now, as it purchases Italian exchange Borsa Italiana for more than £1.1bn
September 2007 Nasdaq seemingly gives up on LSE, agreeing to sell most of its shareholding to Borse Dubai
February 2011 LSE announces that it has agreed to merge with Canadian exchange TMX…
June 2011 …but it later gets called off
December 2011 LSE proposes acquisition of remaining 50 per cent of FTSE International Limited
March 2013 LSE revises offer for majority stake in LCH.Clearnet
March 2014 MTS, which is majority owned by LSE, agrees to purchase electronic trading platform Bonds.com
May 2014 LSE confirms press speculation that it is considering purchasing the Russell business
December 2014 LSE purchases Russell Investments business
September 2015 LSE agrees to sell Proquote to IRESS
October 2015 LSE agrees to sell Russell Investments’ asset management business to US private equity firm TA Associates for £752m
February 2016 LSE and Deutsche Boerse merger talks revealed