Hong Kong abandons £32bn bid for London Stock Exchange
The proposal did not get support in China given 'persistent worries' over the ongoing unrest in Hong Kong
08 October 2019 - 17:32
Hong Kong — Hong Kong Exchanges & Clearing (HKEX) abruptly dropped its £32bn unsolicited takeover bid for London Stock Exchange (LSE) after opposition from the UK company and a cool reception from Beijing.
HKEX’s board, which met over a public holiday on Monday after a weekend of violence, was concerned by the lack of engagement from the LSE, weeks after it initially approached the company, people familiar with the matter said...
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