Bankers weigh up pros and cons of Hong Kong exchange’s bid for the LSE
At stake is $100m in fees banks could earn from funding the deal — but the possibility of it turning hostile could be a turnoff
07 October 2019 - 18:15
Hong Kong — Bankers have a tough choice to make as they decide whether to support Hong Kong Exchanges & Clearing’s (HKEX’s) $37bn bid for its London counterpart.
The proposed deal is the biggest transaction out of Asia during a slow year for mergers & acquisitions (M&A), and banks would normally be flocking to HKEX’s side to try and get a slice of the action. On the other hand, the long-term risks of supporting the unsolicited offer could be higher...
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