Australia’s Macquarie Bank Ltd. effectively dropped its takeover bid for the London Stock Exchange PLC on Monday, announcing that it will not increase its 1.5 billion pound ($2.6 billion) offer or extend the deadline for acceptances.
Analysts had argued that Macquarie, which last week had acceptances representing just 0.4 percent of the exchange, would need to raise its offer to have any chance of succeeding.
