Macquarie's LSE Bid Looks Doomed
FRONT PAGE: NEWS ANALYSIS
LONDON—In what looks like a dying takeover bid, Macquarie Bank Ltd. extended its offer last week for the London Stock Exchange (LSE).
It is the second time the Australian investment bank is giving LSE shareholders an extension to consider its offer. At the end of January, Macquarie had already extended its bid for two weeks.
At the same time, the LSE announced late last week that it was doubling the amount of cash it will hand back to shareholders to £510 million ($889 million) with a final
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