HKEX overture fails to move LSE and Refinitiv stakeholders

LSE PA 230 150
By Karoliina Liimatainen, Silas Brown
12 Sep 2019

Several participants familiar with the London Stock Exchange Group's (LSEG) bid to buy Refinitiv are unimpressed by Hong Kong Exchanges and Clearing's (HKEX) £31.6bn bid for the LSEG itself and believe it unlikely to tempt shareholders. Silas Brown and Karoliina Liimatainen report.

The uninvited bid from HKEX seemed at first glance a threat to LSEG’s $27bn plan to buy financial information company Refinitiv, a central plank of its strategy under CEO David Schwimmer. HKEX's offer, presented on Wednesday, is conditional on the Refinitiv takeover “being terminated, lapsing, being withdrawn or ...

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