Report
Michael Wong
EUR 101.80 For Business Accounts Only

London Stock Exchange Announces Merger With Deutsche Boerse All But Dead

The London Stock Exchange announced that it had received a request from the European Commission (EC) to divest its majority stake in MTS, its Italian-based government bond trading platform, and that it was not willing to comply with this request. Being unable to fulfill the requests of the EC effectively kills the merger between the London Stock Exchange and Deutsche Boerse. We are adjusting the probability of the deal going through to 0% from 25%, and as a result our fair value estimates for ea...
Underlying
London Stock Exchange Group plc

London Stock Exchange Group is a global markets infrastructure business based in the United Kingdom. Co's operating segments include: Information Services, which provides a range of information and data products including indexes and benchmarks; Post Trade Services LCH, which provides clearing services through which counterparty risk is mitigated across multiple asset classes; Capital Markets, provides access to capital for domestic and international businesses and electronic platforms for secondary market trading of equities, bonds and derivatives; and Group Technology, which provides secure technologies to customers that require performance at high levels of availability and throughput.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Wong

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