Left Menu
Development News Edition

London Stock Exchange board rejects takeover bid from HKEX

London Stock Exchange (LSE) board has unanimously rejected the takeover bid from Hong Kong stock exchange.

Devdiscourse News Desk | London | Updated: 13-09-2019 17:16 IST | Created: 13-09-2019 17:07 IST
London Stock Exchange board rejects takeover bid from HKEX
Representative Picture. Image Credit: Pixabay

London Stock Exchange (LSE) board has unanimously rejected the takeover bid from Hong Kong stock exchange. LSE has also said it remains committed to the purchase of Refinitiv Holdings.

The LSE said in a statement that it has fundamental concerns about key aspects of the proposal. "Accordingly, the board unanimously rejects the conditional proposal and, given its fundamental flaws, sees no merit in further engagement," the LSE said in a statement. LSE shares were trading up 1.3% at 7,352 pence after the statement, little changed from earlier levels.

On September 11, Hong Kong Exchanges and Clearing has made a surprise USD 39 billion takeover bid for the LSE.

HKEX, which already has a base in London as the owner of the London Metal Exchange, said it had played a key role in underpinning the City of London's position as a pre-eminent global center for metals trading

The takeover bid for London Stock Exchange (LSE) by the Hong Kong company came as Britain is set to leave the European Union, a step some politicians fear could weaken its large financial sector.



Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Rwanda’s COVID-19 response commendable but health information system needs improvement

Rwanda is consistently working to improve its health information system from many years. However, it is primarily dependent on the collection and reporting of health data on a monthly basis. Besides, evaluation studies on Rwandas HIS publis...


Latest News

Supreme Court fight after Ginsburg's death energizes women voters on both sides

By James Oliphant and Jonathan Drake WASHINGTONFAYETTEVILLE, North Carolina, Sept 20 Reuters - W aiting for President Donald Trump to speak at a campaign rally in North Carolina on Saturday, Paulette Fittshur was quick to express her sympat...

4 brick kiln workers killed, 30 injured in accident in UP's Saharanpur

At least four brick kiln workers were killed and 30 others injured when a speeding truck hit their DCM vehicle on the Gangoh-Titro road in Saharanpur district, police said on Sunday. The accident took place late on Saturday night, they s...

If U.S. election winds up in Supreme Court, Ginsburg's death will loom large

The death of liberal Supreme Court Justice Ruth Bader Ginsburg on Friday could spell bad news for Democrats if a legal battle over the results of the Nov. 3 presidential election reaches the high court, as it did in 2000.If President Donald...

PSBs report frauds worth over Rs 19,964 cr in Apr-Jun, says RBI

Public sector banks PSBs reported frauds worth over Rs 19,964 crore in total 2,867 cases during the April-June quarter of the ongoing fiscal year, according to a reply to an RTI query. The countrys largest lender State Bank of India SBI saw...

Give Feedback