OM Gruppen, which owns and manages the Stockholm stock market, launched this Tuesday 29 August a hostile bid on the London Stock Exchange (LSE), the largest European stock market, for some GBP 808 million. The Swedish offer values each share in LSE at GBP 27.19. The LSE administrative council described this offer as "derisory". The LSE is presently in the process of a merger with the Deutsche Börse to form iX, the largest European stock market (see EI of 4 May), project threatened since the...