2006-10-12 03:50:43 · 3 answers · asked by Princess 1 in Business & Finance ➔ Other - Business & Finance
A few years ago the London Stock Exchange (LSE) converted from a Mutual origanisation, owned by the users to a Public Limited Company (PLC), owned by shareholders.
Legally any PLC company can be bought at any time. The LSE haven't formally put themselves up for sale but they've been caught up in a worldwide trend for Exchanges to list as PLC's as the market realises they are a very profitable type of business. Because London is one of the two most important cities in the world for the financial services industry the London Stock Exchange is considered a very important prize. That's why so many other Exchanges have tried to buy them.
The LSE doesn't want to sell themselves, but the rest of the world does want to buy them. As they are now a public company the LSE can't stop the process. As soon as someone buys 51% of the shares they own the business. The management have done an excellent job of staying independent for the last five years but the US Nasdaq Exchange has now bought 25% of the shares. That is a huge block and it is likely that Nasdaq will make an offer to buy the rest early next year.
2006-10-12 05:05:56 · answer #1 · answered by popeleo5th 5 · 0⤊ 0⤋
All companies that have shares listed on an stock market are up for sale every day. Google, Nestle, Ford, all up for sale.
However, with regards to the LSE, the people who own the Dacq want to buy the majority of share of the LSE
2006-10-12 10:54:45 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Everything is for sale if the price is right.
Fundamental capitalism.
2006-10-12 10:53:06 · answer #3 · answered by MCP 3 · 0⤊ 0⤋
If you have enough money you can buy the Eiffel Tower (Sold in 1925)
2006-10-12 13:47:08 · answer #4 · answered by Anonymous · 0⤊ 2⤋