LCH.Clearnet Still in Play

- WatersTechnology Staff
- 04 May 2009

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The DTCC said last week that the deal was dead after months of negotiations had not yielded a conclusive agreement. "The DTCC has continually communicated its desire to complete a successful merger to both the management and to the board of directors of LCH.Clearnet," says a DTCC spokesperson in a statement.

The merger made little progress since the two firms signed a non-binding merger agreement on Oct. 22, 2008, which valued the clearinghouse at €739 million ($933.28 million). LCH.Clearnet then

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