The Hong Kong Exchange’s bid for the LSE would thwart the London firm’s $27 billion Refinitiv deal. Here’s why that’s a ‘non-starter’
|09/11/2019||Posted by BusinessMediaguide.Com under General World News||
- The Hong Kong Stock exchange on Wednesday proposed to buy the London Stock Exchange in a deal worth $37 billion, taking markets by surprise.
- But the offer would require the LSE’s $27 agreed takeover of Refinitiv being dropped.
- Given the graveyard of past merger attempts with the LSE, combined with the planned deal for Refinitiv, the Hong Kong exchange’s plan has scant chance of success, say analysts.
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