Nasdaq extends bid for LSE

The New York Nasdaq exchange has extended the deadline for London Stock Exchange shareholders to accept its takeover offer, but has refused to raise its bid.

LSE shareholders now have until February 10 to accept the 1,243p per share offer from the New York exchange, in what has turned into a bitterly acrimonious takeover battle. Nasdaq already owns 28.75% of the LSE, but has received acceptances from less than 1% of other shareholders. LSE shares are currently trading at 1,289p.

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