(Bloomberg) Traders bidding up the price of London Stock Exchange Group Plc are signaling this acquisition attempt might be different.
Euphoria over a potential bidding war is trumping — for now at least — the long list of past failed takeover attempts for the British company. Hedge funds have sent LSE beyond what Deutsche Boerse AG has agreed to pay in a friendly merger under discussion between the two. They’re acting on the possibility that rival suitors — including U.S. peers Intercontinental Exchange Inc. and CME Group Inc. — may bid as well.