The payout, originally proposed as an incentive for shareholders to oppose the abortive takeover bid by Australian bank Macquarie, will see shareholders receive shares in a new holding company equivalent to a 200p per share cash payout.The New York-based Nasdaq took a 15% stake in the LSE earlier this week, stealing a march on the New York Stock Exchange, its potential rival for a takeover of the London bourse.Meanwhile, the Dubai International Financial Centre has taken a more than 1% stake in LSE rival Euronext, an investment that met with approval from Euronext's board. The exact size and value of DIFC's stake has not been disclosed: a 1% stake would be worth €79.5 million at current prices. The exchange said the investment was part of its aim to become a "complement" to existing European, US and Asian bourses.
The week on Risk.net, November 25-December 1, 2016Receive this by email
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