LSE Strategic Alliance with Euronext?

Ah here it is,

LONDON (AFX) - Australian investment bank Macquarie made a formal cash offer
of 580 pence per share for the London Stock Exchange PLC.
The offer, issued via specially created acquisition vehicle MLX, values the
LSE at about 1.5 bln stg. Last week, the London exchange rejected an informal
offer at the same price as "derisory."
Macquarie said that if its bid succeeds, the LSE would continue to be
regulated solely by the Financial Services Authority. The exchange would
continue to be managed in London.
LSE shares closed at 622 pence on Wednesday.