Euronext: will not make offer for BME
(CercleFinance.com) - Euronext announced late on Monday that it does not intend to make an offer for Bolsas y Mercados Españoles (BME).
"Euronext is convinced of the strong industrial benefits that a combination between BME and Euronext would bring to the Spanish capital markets and the wider European capital markets".
"Euronext considers that the financial terms of a potential competing offer, despite the significant potential synergies, would not be compatible with value creation and adequate return on invested capital for Euronext shareholders," management added.
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"Euronext is convinced of the strong industrial benefits that a combination between BME and Euronext would bring to the Spanish capital markets and the wider European capital markets".
"Euronext considers that the financial terms of a potential competing offer, despite the significant potential synergies, would not be compatible with value creation and adequate return on invested capital for Euronext shareholders," management added.
Copyright (c) 2020 CercleFinance.com. All rights reserved.