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London Stock Exchange rejects Hong Kong takeover bid

PTI | London | Updated: 13-09-2019 17:52 IST | Created: 13-09-2019 17:49 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.



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