LSEG spurns HKEX's £32bn takeover bid

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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, ...

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