Atlanta-based Intercontinental Exchange Inc. (ICE) is considering a possible competing bid for the London Stock Exchange Group PLC (LSE), which is already in merger talks with Deutsche Börse AG.
ICE confirmed on Tuesday that it’s considering making an offer for LSE, but that it hasn’t definitively decided on a bid.
“No approach has been made to the board of LSE, and no decision has yet been made as to whether to pursue such an offer,” ICE says in a statement acknowledging its interest. “There can be no certainty that any offer will be made, nor as to the terms on which any offer will be made.”
In the meantime, the LSE reports that talks with Deutsche Börse regarding a potential merger of equals between the two companies “continue to progress.” The two stock exchange operators have not yet reached a definitive deal either.
Under U.K. take-over rules, ICE has until March 29 to announce either a firm intention to make an offer or that it won’t be making a bid.