Markit is in exclusive talks to acquire LCH.Clearnet, Financial News reports. In late June, Nasdaq OMX tendered an offer to buy a minority stake in the Anglo-French clearing house.
In May, LCH.Clearnet, which is owned by 98 firms including banks and exchanges, received interests related to a “possible business combination or other co-operation.” Since its launch in 2001, Markit has been on an acquisition spree.
Click here for the story from Financial News.