XavierRolet, CEO of London StockExchange Group Plc, said that while the company's board would takea look at any "serious [M&A] proposal," it will not consider anoffer from IntercontinentalExchange Inc., citing in particular the U.S. company's track recordwith previous acquisitions, The(U.K.) Daily Telegraph reported April2.

Roletalso reportedly asserted that ICE, which is working on a possible offer for theBritish group, would be unable to make an appealing offer given that how highlyleveraged the U.S. company is following various recent acquisitions.

Furthermore,he referred to ICE as "some 'slash and burn' type organization,"which would "kill all of the stuff we've done over the last fewyears."

LSE's plannedmerger withDeutsche Börse AG, hesaid he wanted to ensure that governance, domicile and headquarters of theenlarged group would remain in London, the newspaper reported.