Duo to earn at least $166m from stock exchange merger

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Freshfields Bruckhaus Deringer and Linklaters stand to earn more than £102m, or nearly $167m, from acting on the merger of the London Stock Exchange (LSE) and Deutsche Börse.

According to a filing made on the LSE on Wednesday, the LSE expects to spend about $90m, on legal advice in connection with the merger. Freshfields is advising the LSE, which said that it could spend almost $102mon legal advice.

Meanwhile, Deutsche Börse, which has given Linklaters the mandate, is expected to spend about $77m on legal advice. It could spend as much as about $80m.

In total, the LSE expects to spend between $249m and $285m on all advice, which includes fees for financial and corporate broking, legal, accounting, public relations and other advice. Deutsche Börse expects to spend between $200m and $211m on all advice. Both markets confirmed they are in advanced talks for a merger in February last year.

According to Legal Week, Freshfield’s team advising the LSE includes corporate partner Andrew Hutchings and London M&A co-head Piers Prichard Jones. Meanwhile, Linklaters London corporate partners Roger Barron and Simon Branigan and Germany corporate partners Ralph Wollburg and Staffan Illert leading the team advising Deutsche Börse.


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