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The Plot Thickens With New Interest in London Stock Exchange Deal

Deutsche Boerse AG may face some competition as it works to take over London Stock Exchange Group.
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Deutsche Boerse AG may face some competition as it works to take over London Stock Exchange Group. Intercontinental Exchange Inc. (ICE) confirmed Tuesday that it is considering making a bid, and CME Group Inc. (CME) emerged as another reported rival suitor. Intercontinental said 'no approach has been made to the board of LSEG, and no decision has yet been made as to whether to pursue such an offer.' By putting its head over the parapet the Atlanta company gets a March 29 deadline, in line with the U.K. Takeover Code, to either formalize its interest or publicly bow out, The Deal's Renee Cordes reports. The suitor owns the New York Stock Exchange and London's Liffe derivatives exchange following its 2013 purchase for $11 billion of NYSE Euronext. The Deal's Senior Reporter Lisa Allen has the details from New York.

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