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LME To Hear Presentations From Two Final Bidders, IntercontinentalExchange Inc. And Hong Kong Exchanges and Clearing Limited On Thursday-DJ
Dow Jones reported that the Board of the London Metal Exchange is to hear presentations on Thursday from teams including the Chief Executives of the two final bidders left in the race to buy the 135-year-old metals trading exchange. Jeff Sprecher, CEO of IntercontinentalExchange Inc.(ICE), and Charles Li, CEO of Hong Kong Exchanges and Clearing Limited, are both in London to try to convince the board of the merits of their proposals to buy the LME. The Board will then evaluate the presentations, and could make a decision as early as the end of the day, although further meetings could take place before the preferred candidate is chosen.
Latest Developments for IntercontinentalExchange Inc
- European Commission To Review Proposed Merger Of Intercontinentalexchange Inc And NYSE Euronext-DJ
- Hart-Scott-Rodino Act Waiting Period Expires for Intercontinentalexchange Inc Acquisition of NYSE Euronext
- Intercontinentalexchange Inc's ICE Clear Europe Limited And LIFFE Administration and Management Enters Into Clearing Services Agreement
- Intercontinentalexchange Inc To Acquire NYSE Euronext For $33.12 Per Share In Stock And Cash
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