The London Stock Exchange has seen off a few suitors lately, including Macquarie Bank, but they just keep coming. Now Nasdaq is offering US$5.1 billion as the international M&A wave sweeps on.

Nasdaq’s offer might not be successful either, but someone will eventually get the LSE after such a steady build up in activity

Of course, a mere $6.7 billion Aussie is hardly anything to get excited about these days, not when Blackstone is paying US$36 billion for Sam Zell’s US property trust, or Freeport-McMoRan bids US$25.9 billion for Phelps Dodge – and that’s just the top couple of takeovers so far this week. It’s only Tuesday.

Peter Fray

Get your first 12 weeks of Crikey for $12.

Without subscribers, Crikey can’t do what it does. Fortunately, our support base is growing.

Every day, Crikey aims to bring new and challenging insights into politics, business, national affairs, media and society. We lift up the rocks that other news media largely ignore. Without your support, more of those rocks – and the secrets beneath them — will remain lodged in the dirt.

Join today and get your first 12 weeks of Crikey for just $12.


Peter Fray
Editor-in-chief of Crikey