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Hong Kong exchange vows to press on with $39 billion LSE bid after rebuff

Hong Kong exchange vows to press on with $39 billion LSE bid after rebuff

LONDON (Reuters) - Hong Kong’s exchange refused to give up on its bid to take over the London Stock Exchange ( LSE.L ) after the British bourse emphatically rejected its $39 billion takeover offer on Friday. The Hong Kong exchange said it would now hold more talks with LSE investors as it considers its next step, aiming to keep alive its hopes of becoming

London Stock Exchange rejects Hong Kong’s unsolicited buyout bid

London Stock Exchange rejects Hong Kong’s unsolicited buyout bid

The London Stock Exchange (LSE) Group has rejected a takeover bid from Hong Kong Exchanges and Clearing (HKEX) in a hard-hitting letter to the Asian exchange’s board. HKEX on Wednesday offered to take over one of Europe’s largest exchanges for £29.6 billion ($36.6 billion). However, the LSE said in a statement that it has concerns regarding key aspects

Timeline: LSE - A story of failed mega-mergers

Timeline: LSE - A story of failed mega-mergers

(Reuters) - The London Stock Exchange ( LSE.L ) emphatically rejected a $39 billion takeover offer from the Hong Kong bourse on Friday, opting to stick with its planned purchase of data and analytics group Refinitiv. Hong Kong Exchanges and Clearing’s ( 0388.HK ) (HKEX) offer was the latest attempt at an exchange mega-merger after multiple failures

London Stock Exchange flatly rejects Hong Kong's $39 billion takeover offer

London Stock Exchange flatly rejects Hong Kong's $39 billion takeover offer

LONDON (Reuters) - The London Stock Exchange ( LSE.L ) emphatically rejected the Hong Kong bourse’s $39 billion takeover offer on Friday, opting to stick with its planned purchase of data and analytics group Refinitiv. The LSE told HKEX in a letter that it had fundamental concerns about key aspects of the proposal which it said had no strategic merit,

London’s LSE Formally Rejects Hong Kong Exchange’s Surprise $37 Billion Bid

London’s LSE Formally Rejects Hong Kong Exchange’s Surprise $37 Billion Bid

London Stock Exchange Group Plc has formally rejected a takeover proposal from Asian rival Hong Kong Exchanges & Clearing Ltd. , 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 in a $27 billion transaction, said HKEX’s overture on Wednesday had problems

London Stock Exchange rejects HK takeover

London Stock Exchange rejects HK takeover

The LSE told HKEX in a letter that it had fundamental concerns about key aspects of the proposal and that HKEX's relationship with the Hong Kong government would "complicate matters". "Accordingly, the board unanimously rejects the conditional proposal and, given its fundamental flaws, sees no merit in further engagement," the London bourse said in

London Stock Exchange rejects Hong Kong's $39 billion takeover offer

London Stock Exchange rejects Hong Kong's $39 billion takeover offer

LONDON (Reuters) - London Stock Exchange ( LSE.L ) has rejected Hong Kong Exchange’s ( 0388.HK ) $39 billion takeover offer, opting to stick with its planned purchase of data and analytics group Refinitiv. The LSE told HKEX in a letter that it had fundamental concerns about key aspects of the proposal and that HKEX’s relationship with the Hong Kong

Milan bourse strategic for Italy due to MTS bond trading platform: minister

Milan bourse strategic for Italy due to MTS bond trading platform: minister

ROME (Reuters) - Italy’s new economy minister said on Friday that the Milan bourse, which is part of the London Stock Exchange Group ( LSE.L ), is a strategic asset because it controls domestic government bond trading platform MTS. “Any developments affecting Italian government bond market MTS are relevant for (Italy’s) national interests,” Economy

London Stock Exchange rejects Hong Kong takeover bid

London Stock Exchange rejects Hong Kong takeover bid

LONDON (Reuters) - London Stock Exchange ( LSE.L ) has rejected Hong Kong Exchange’s ( 0388.HK ) $39 billion takeover offer, opting to stick with its planned purchase of data and analytics group Refinitiv. The LSE said in a statement that it has fundamental concerns about key aspects of the proposal. “Accordingly, the board unanimously rejects the