The LSE's proposed offer valued LIFFE at approximately £19.00 per share of which £12.00 was in cash and the balance in new LSE shares.
Clara Furse, Chief Executive of the LSE, said: "We put forward a bold proposition for the creation of a combined business, which would have created the first single technology platform for securities and derivatives. We are surprised that LIFFE did not share our ambitious vision."
Don Cruickshank, Chairman, added: "The London Stock Exchange is the largest stock exchange in Europe with a strong growing business and is engaged in other opportunities to broaden the scope and scale of its businesses both organically and through corporate transactions."’
