The proposed buy out may never happen. But sao far as Sarbanes-Oxley is concerned it would not be applicable outside the US. It is a U.S. law and as such only applies within our own borders. But all this at present is merfely conjecture.
The proposed acquistion is not from the NYSE but from the NASDAQ. NASDAQ now owns 28.75% of the LSE
Acquisition Of Shares in London Stock Exchange Group Plc
November 20, 2006 — Following the announcement of final cash offers* (the "Final Offers") for London Stock Exchange Group plc ("LSE") made earlier today (the "Announcement"), Nightingale Acquisition Limited ("NAL"), a wholly owned subsidiary of The Nasdaq Stock Market, Inc. ("NASDAQ") announces that it has acquired 7,065,984 ordinary shares in LSE at a price of 1,243 pence per share. The total consideration paid for the stake represents £87.8 million (c.$166.4 million). This acquisition takes NASDAQ's total holding in LSE to 61,291,389 ordinary shares or 28.75 per cent. of the issued ordinary share capital of LSE.
Check the offer and the reasons on NASDAQ WEB site
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