Exchange In London Rejects Bid.

Focuses on Werner G. Seifert, chief executive of the German stock exchange company Deutsche Börse. Seifert's bid for the London Stock Exchange, which was rejected as inadequate; Views of analysts; Discussion of Seifert's proposal; Reference to Deutsche Börse's bid for the London Stock Exchange four years ago; Significance of a merger of Deutsche Börse and the London Stock Exchange; British investors and the question of costs.