Posted inChina, Hong Kong, United Kingdom, World

Hong Kong exchange drops bid for London rival

The Hong Kong Stock Exchange on Tuesday dropped its multibillion-dollar takeover bid for the prized London Stock Exchange Group, which would have created a global markets titan. Hong Kong Exchanges and Clearing Limited (HKEX) made the shock proposal for LSEG on September 11, but LSEG formally rejected the offer the following day citing “fundamental” flaws […]

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