The London Stock Exchange urged its shareholders Monday for a second time to reject a takeover bid launched by Swedish group OM.
Reiterating the same call it made when the bid was launched in August, the London Exchange said in a statement that the OM bid offered "a wholly inadequate value for our successful and valuable business."
"OM's offer represents a terminal loss for LSE shareholders...and undervalues the London Stock Exchange's pre-eminent market position, its financial strength and its prospects," the statement said.— (AFP)
© Agence France Presse 2000
© 2000 Mena Report (www.menareport.com)
