The Chairman of the London Metal Exchange (LME) has today issued an update to shareholders regarding the potential acquisition of the Exchange.
The Board of the LME has decided to continue discussions with two parties regarding their proposals for the potential acquisition of the LME. This will involve obtaining a detailed understanding of their plans for the future governance and operation of the market and the deliverability of their respective proposals, as well as the value offered. This process will continue over the coming weeks and shareholders will be provided with further information as appropriate.
As previously noted, input from shareholders and members to date has been very helpful, and the Board continues to encourage shareholders to contact our advisers, Moelis & Company with their views.