UK: ABERDEEN FUND MANAGERS HINTS AT PURCHASES

Article Abstract:

Aberdeen Fund Managers hinted on 7 September 2000 that it may purchase Foreign & Colonial and Murray Johnstone, rival UK-based fund managers. Aberdeen's chief executive, Martin Gilbert, said that the group did not see itself as vulnerable to acquisition. Such concern stems from the fact that Aberdeen is 38.8% held by Scottish Provident, which is being acquired for GB[pound] 1.8bn by UK-based bank, Abbey National. Scottish Provident does not intend to sell the Aberdeen holding but the feeling is that it will eventually be sold.

Foreign and Colonial, Murray Johnstone

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UK: NASDAQ INVOLVED IN BID FOR LSE?

Article Abstract:

The London Stock Exchange (LSE) may be the subject of a bid from a consortium comprising Nasdaq, Deutsche Borse, EuroNext and OM Group. US-based stock market, Nasdaq, is regarded as a key player in a successful merger or bid deal involving the LSE. Executives at Sweden's OM have not commented formally on Nasdaq becoming a potential partner but the feeling is that such an arrangement would be the only way of gaining credibility for its own offer for LSE.

London Stock Exchange PLC, Deutsche Borse AG, OM Group Inc., The Nasdaq Stock Market Inc., Euronext SBF S.A.

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