Hong Kong Exchanges’ bid for LSE has deep flaws, UK bourse says
The London Stock Exchange says the approach by HKEX has problems in its ‘strategy, deliverability, form of consideration and value’
13 September 2019 - 15:05
London — London Stock Exchange Group (LSE) has rejected a takeover proposal from Asian rival Hong Kong Exchanges and Clearing (HKEX), saying the bid has “fundamental flaws”.
The board of the 300-year old British bourse, which is working on its own deal to buy data provider Refinitiv, said HKEX’s approach on Wednesday had problems in its “strategy, deliverability, form of consideration and value”...
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