Update: MSCI claims report of $11bn merger approach from S&P is 'incorrect'

First reported by the Evening Standard

MSCI has responded to rumours it had received an $11bn takeover bid from rival S&P Global, saying these reports were 'incorrect' and it was not in discussions with any third parties.

On Tuesday, the Evening Standard reported that S&P Global, owner of the S&P 500 index, has approached MSCI with a bid worth $11bn (£9bn), which would create a global indices giant,  The report said MSCI had rejected the initial terms of $120 per share, demanding $130 per share instead, which would value the overall deal at $12bn.  MSCI was said to be waiting for a bidding war, with a number of other parties said to be interested in the deal, including exchange houses and private equity firms.  However, in response to the reports, MSCI said: "We believe such reports are incorrect. W...