Euronext has ended merger talks with the London Stock Exchange (LSE), leaving the New York-based Nasdaq as the front-runner for the London exchange.Announcing the agenda for its annual general meeting on May 23, Euronext confirmed that in light of the acquisition of a 15% stake in the LSE by The Nasdaq Stock Market, it had ended talks about a possible offer for the LSE.
Euronext's management also warned shareholders to be cautious of a merger with Deutsche Börse. Describing it as a serious option, they confirmed that they were in active discussions with Deutsche Börse and other parties, but added that it would be a mistake to vote for an immediate merger at the AGM, as the shareholders did not have sufficient information.
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