LSEG spurns HKEX's £32bn takeover bid

By Aidan Gregory
13 Sep 2019

London Stock Exchange Group (LSEG) has emphatically rejected the unsolicited £32bn takeover bid by Hong Kong Exchanges and Clearing (HKEG), with LSEG's board suggesting that the deal has profound flaws.

In a regulatory filing on Friday, LSEG said it had decided to spurn the offer, citing “fundamental concerns” about the strategic rationale for the merger, execution risk and the price HKEX was offering to pay.

“The board unanimously rejects the conditional proposal and, given its fundamental flaws, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.