Hong Kong bid to buy LSE set to be re­jected

The Daily Telegraph - - Front page -

The Lon­don Stock Ex­change looks set to spurn a sur­prise £30bil­lion bid by the Hong Kong stock ex­change, amid concern over po­lit­i­cal and reg­u­la­tory ob­sta­cles and luke­warm in­vestor sup­port. Shares closed 5.9per cent higher at £72.06 – some dis­tance from the cash and shares of­fer of £83.61, sug­gest­ing scep­ti­cism about the deal, which could also pose a headache for a govern­ment try­ing to quash con­cerns about the in­flu­ence of China on Bri­tish busi­ness fol­low­ing the Huawei row.

Busi­ness, page 1

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