Hong Kong Exchanges and Clearing has made an unsolicited £32bn bid for the London Stock Exchange Group, a move that could torpedo the LSE’s acquisition of Refinitiv.
HKEX’s shock offer to LSE shareholders is £20.45 a share in cash, as well as 2.495 newly issued HKEX shares — a 23% premium to LSE’s closing price on Tuesday, and a 47.4% premium to the closing price of LSE on the last trading day before the $27bn
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