The London Stock Exchange rejected its Hong Kong rival’s $37 billion takeover bid, saying the Refinitiv deal is ‘on track’
|09/13/2019||Posted by BusinessMediaguide.Com under General World News||
- The London Stock Exchange’s board has unanimously rejected Hong Kong Stock Exchange’s bid for the LSE.
- HKEX earlier this week announced a proposed bid for the LSE, offering to buy the exchange for roughly $37 billion.
- The bid shocked markets given that LSE already announced an agreed takeover of data firm Refinitiv for $27 billion.
- The LSE board said in a statement it had “fundamental concerns about the key aspects of the conditional proposal: strategy, deliverability, form of consideration and value.”
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