Hong Kong Exchanges & Clearing Ltd. made an unexpected £32bn bid for London Stock Exchange Group Plc, in a move that threatens to upend the UK bourse's combination with Refinitiv. The operator of the Hong Kong exchange stunned investors with its proposal, which values LSE shares at £83.61 and is designed at "bringing together the largest and most significant financial centres in Asia and Europe", it said in a statement on Wednesday. It comes weeks after the LSE agreed a £22bn all-share deal to take control of Refinitiv, a move the company said would transform it into a UK-headquartere...
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