DTCC confident of Clearnet bid

US clearing giant, The Depository Trust & Clearing Corporation (DTCC), insisted on February 3 that a merger with clearing house LCH.Clearnet would be completed by the end of March, despite a possible rival bid.

On February 2, interdealer broker Icap confirmed it is "an equal member of a consortium of a number of leading financial institutions" - rumoured to include SocGen, which declined to comment - that may place a cash offer for Clearnet and break up a non-binding merger agreement made in Octo

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