Hong Kong Exchanges' $39bn bid for LSE set for rejection

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Hong Kong Exchanges' $39bn bid for LSE set for rejection

The Hong Kong stock market tabled an unsolicited $39bn bid for the London Stock Exchange (LSE) yesterday, but the bid is set to be rejected, according to the Financial Times. The offer by Hong Kong Exchanges and Clearing (HKEX) valued LSE shares at £83.61, and hoped to combine "the largest and most significant financial centres in Asia and Europe", according to the report, citing the HKEX's offer document. But a statement from the LSE yesterday called the bid "unsolicited, preliminary...

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