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 HKEX's offer, presented on Wednesday, is conditional on the Refinitiv takeover “being terminated, lapsing, being withdrawn or
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