LME’s CEO Expects Multiple Takeover Offers as Deadline Looms
This article is for subscribers only.
The London Metal Exchange expects to receive multiple takeover offers by the May 7 deadline, and shareholders may assess bids on price as well as the advantages a potential buyer may bring, the chief executive said.
“We anticipate hearing from a number of people,” Martin Abbott said today in a Bloomberg Television interview in Singapore. “Clearly someone who has an Asia lever provides a story but it’s not the only story in town.”