HKEX Drops Bid to Acquire LSE
07 Outubro 2019 - 9:53PM
Dow Jones News
By Justina Lee
Hong Kong Exchanges & Clearing Ltd. (0388.HK) won't be
proceeding with its $36.6 billion bid to acquire the London Stock
Exchange Group PLC (LSE.LN).
The board of HKEX said it has been unable to engage with the
management of LSEG, according to a press statement on Tuesday.
HKEX made a surprise offer to acquire its London competitor in
September, but its approach was rejected.
Write to Justina Lee at justina.lee@wsj.com
(END) Dow Jones Newswires
October 07, 2019 20:38 ET (00:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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