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London Stock Exchange rejects Hong Kong takeover bid


PTI London
Updated: 13-09-2019 17:52 IST
London Stock Exchange rejects Hong Kong takeover bid

Image Credit: Flickr

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 pounds (USD 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.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

READ MORE ON : London management
COUNTRY : United Kingdom