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London Stock Exchange rejects Hong Kong takeover bid

LONDON: London Stock Exchange Group on Friday formally rejected a takeover bid by the Hong Kong Stock Exchange, citi

Sep 13 2019

LONDON: London Stock Exchange Group on Friday formally rejected a takeover bid by the Hong Kong Stock Exchange, citing "fundamental concerns" over the bid worth £32 billion ($40 billion, 36 billion euros).

In a statement, LSEG said management "unanimously rejects the conditional proposal and, given its fundamental flaws, sees no merit in further engagement" regarding the offer made Wednesday.