Reuters Reports Deutsche Boerse London Stock Exchange Targeting Cost Savings In Excess Of EUR 300 Million

Reuters reports that Deutsche Boerse and the London Stock Exchange are targeting cost savings of more than EUR 300 million, once a merger of the two exchanges is completed, sources familiar with the matter said today.

Deutsche Boerse and LSE are expected to officially announce a merger agreement next week, well ahead of a March 22 deadline, sources said.