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NEW YORK (AP) - The New York Stock Exchange is considering entering the bidding war for the London Stock Exchange, according to a British newspaper report.
The Observer of London said Sunday that NYSE Chief Executive John Thain has lined up a bid for the London exchange, which has been a takeover target for at least a year. European exchange owner Euronext and Germany's Deutsche Bourse are both a possible acquirer of the LSE, while the Observer reported that Australia's Macquarie Bank is considering a hostile bid for the exchange.
The NYSE had no comment on the report. The Big Board is in the midst of its own acquisition of Archipelago Holdings Inc., an all-electronic exchange, in a deal that would transform the not-for-profit NYSE into a publicly traded, for-profit corporation.
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