Swedes To Go Hostile On LSE.

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WEDISH technology company OM Gruppen, which owns the Stockholm Stock Exchange, will on Tuesday launch an [pound]800m hostile takeover bid for the London Stock Exchange, throwing into doubt the British bourse's proposed merger with Deutsche Brse.

The offer [pound]7 in cash and [pound]20 in OM paper for each exchange share will put immense pressure on the London exchange to abandon its plan to seek shareholders' approval for its iX joint venture with Deutsche Brse on 14 September. It may also prompt other exchanges to make rival bids.

The Londo