Huge acquisition: London Stock Exchange rejects 32bn pounds Hong Kong takeover offerChristian Fernsby ▼ | September 13, 2019
The London Stock Exchange Group (LSE.L) has unanimously rejected a takeover bid from Hong Kong Exchanges and Clearing (HKEX).
Acquisition London Stock Exchange
Topics: London Stock Exchange Hong Kong
“The Board has fundamental concerns about the key aspects of the Conditional Proposal: strategy, deliverability, form of consideration, and value,” the company said in a statement.
LSE said it would not engage further with HKEX and would instead focus on its acquisition of data business Refinitiv. ■