LSE Waiting for Mr Right

Saying a firm «no» to takeover bids is a strategy that has served Clara Furse well. But now the London Stock Exchange’s boss has subtly altered her line. It’s more a case of «not yet». True, Furse has already observed that the battle is really about price, not industrial logic. Nasdaq remains, in her words, «not even close» in terms of cash it has put on the table. But Furse has put a little more flesh on these bones in the LSE’s latest defence document, which argues that the exchange isn’t op...