Its plans could scupper the LSE
and Deutsche Borse merger, which already marks a third move by the pair to join forces after two previous failed attempts in 2000 and 2004-5.
All key businesses of LSE and Deutsche Boerse would continue under their current brand names and it would have a single board made up of an equal number of directors from The LSE
said discussions remain ongoing over the other terms and conditions of the deal.
Signet's shares will continue to be traded on the LSE
until 11 March 2016 and cancellation from trading will take effect 08.
According to him, the LSE
has successfully met various challenges and has now emerged, fully geared and positioned to aggressively compete with its fellow exchanges, contributing towards the growth of capital markets in Pakistan.
Borse Dubai acquired a 28 per cent stake in the LSE
from Nasdaq Stock Market in 2007 as part of a deal that saw Nasdaq merge with Sweden's OMX group.
Following the stake sale announcement, the LSE
plunged to 2,288 pence, down 9.
Meanwhile, the LSE
Managing Director and Chief Executive Officer Aftab Ahmed Chaudhry congratulated the stakeholders and management of the new listed Company M/s.
Qatar Holding originally purchased a 20 per cent stake in the LSE
in September 2007 at the same time as Borse Dubai purchase a 28 per cent stake.
Xavier Rolet, the chief executive of the LSE
, has cautioned that TMX shareholders would be diluted under the terms of Maple's offer.
Deutsche Boerse has itself earlier failed three times to buy the LSE
- in 1998, 2000 and 2005 - as it sought to keep ahead of arch-rival Euronext, which operates the Paris, Amsterdam, Brussels and Lisbon exchanges.
5m gift to the LSE
from his organisation, the Gaddafi International Charity and Development Foundation (GICDF) in 2009, the paper said.
Xavier Rolet, chief executive of the LSE
, said: "We sincerely regret the inconvenience the disruption to trading has caused our customers.