The London Metal Exchange , while appearing to tolerate storage strategies that have distorted the aluminum market, is unlikely to permit banks and trading houses to manipulate its warehousing rules to ...
Hong Kong Exchanges & Clearing confirmed on Monday that it was considering a bid for the London Metal Exchange, joining rivals NYSE Euronext and IntercontinentalExchange in the chase.
Hong Kong Exchanges & Clearing Ltd. (388) , Asia ’s largest bourse operator, said it’s studying a bid for the London Metal Exchange as growth slows and it seeks to build up a commodities business.
The London Metal Exchange, the world’s largest metal-trading platform, should be able to get an offer of at least a billion pounds ($1.6 billion), CEO Martin Abbott told CNBC.
Bidders have until Monday to make an offer, but the member firms that own the exchange could face increases in trading fees if the exchange is sold and may band together to block a proposed deal.
The London Metal Exchange has received a number of detailed proposals from a short-list of bidders regarding a potential acquisition of the exchange, it said on Tuesday.
LONDON (Reuters) - The London Metal Exchange (LME) has received a number of detailed proposals from a short-list of bidders regarding a potential acquisition of the exchange, it said on Tuesday. The LME, the world's biggest metals marketplace, said the board would now consider the proposals and give shareholders further information "as appropriate". The LME did not say who the proposals were ...
The London Metal Exchange has called a meeting of its board Thursday to discuss the bids it has received for the exchange, people familiar with the matter said, accelerating the process to potentially sell the 135-year old business.
LONDON (Reuters) - The London Metal Exchange (LME) was holding an emergency meeting with its board members on Thursday to discuss proposals from a short list of bidders vying to buy the 135-year-old exchange and could make recommendations to shareholders soon, sources familiar with the matter said. The LME, the world's largest metals marketplace, received a second round of bidders' proposals on ...