LSE lines up advisory heavyweights against HKEX

By David Rothnie
18 Sep 2019

Ten banks have already been named as advisers as the London Stock Exchange seals one bid, for data firm Refinitiv, and looks to repel another from Hong Kong Exchanges and Clearing. The question is: which firms will its Hong Kong rival look to for more firepower? asks David Rothnie.

When the prizes are handed out for the year’s best M&A deals, how will the £32bn hostile bid for the London Stock Exchange by Hong Kong Exchanges and Clearing (HKEX) be remembered? As a stunning coup or a damp squib?

At the moment, it looks like becoming ...

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