Euronext and Borsa Italiana make joint bid for MTS

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Euronext, the pan-European stock exchange, and Borsa Italiana, its Italian counterpart, have made a joint preliminary offer for MTS, the European, electronic bond market.

The two exchanges confirmed that they have bid for the Rome-based company at a news conference this morning. Jean-François Theodore, chief executive, said: "We hope to be selected," according to Reuters.

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