It's a terminal loss of influence for the shareholders of the London Stock exchange, ... They get an 18.5 percent stake in a tightly controlled company. In addition, it does nothing for them as a customers.

OM has failed to address the serious concerns we have raised about their technology, financial track record and ownership control and governance, ... two unattractive alternatives: either even more shares of uncertain value or cash and even less influence.

We'll be fighting to get the right position for the LSE for a long time yet,

This reinforces the board's view that the London Stock Exchange is not up for sale,

The London Stock Exchange is not up for sale,

[By October] it will be difficult to justify an 'amber' rating.