There is a lot of activity in Europe at this moment and we are focusing on that.
It doesn't make sense for us to pay a price that's inconsistent with our model and with our responsibility to our shareholders. We have not been able to agree a price and so we are moving on. There is a lot of activity in Europe at this moment and we are focusing on that.
The LSE has again avoided focusing on matters within its control, pinning its hopes on cyclical equity and IPO market movements and an optimistic belief in global exchange consolidation.