LSE rejects takeover bid

The majority of London Stock Exchange (LSE) shareholders have rejected the attempted takeover by Swedish technology group OM.

OM had until 17:00 (GMT) this afternoon before the offer expired. It had the support of only 6.7 per cent of LSE shareholders. In a statement, LSE chairman Don Cruickshank, said: "I am pleased that the distraction of OM's offer is over. We are getting on with building the business from its strong foundations and implementing our strategy in full consultation with our shareholders and customers.