Hong Kong bourse bids for LSE

The Hindu Business Line - - FRONT PAGE -

Hong Kong Ex­changes & Clear­ing Ltd made an un­ex­pected $36.6-bil­lion bid for Lon­don Stock Ex­change Group Plc on Wed­nes­day, a bold move that could up­end the UK bourse’s com­bi­na­tion with Refini­tiv. The of­fer faces sev­eral hur­dles, as LSE’s board re­mains com­mit­ted to the ac­qui­si­tion of data provider Refini­tiv, as it con­sid­ers what it called an un­so­licited, pre­lim­i­nary and highly con­di­tional pro­posal. Un­der the pro­posed of­fer, HKEX would of­fer 2,045 pence as well as 2.495 newly-is­sued HKEX shares for each LSE share. That val­ues each LSE share at 8,361 pence, the Hong Kong bourse said in its state­ment. p10

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