Forbes – Hedge funds holding about 20 pct of the London Stock Exchange have privately indicated their willingness to tender shares at a price of about 13 stg each to a potential bid, the Financial Times reported.
US-based Nasdaq has amassed a stake of 25.3 pct in the LSE. It has been free since last week to renew its pursuit of the UK exchange, provided it does so at a minimum price of 1,243 pence a share – the highest price paid to acquire its present holding.
