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Friday, Oct 23, 2020

London Stock Exchange rejects $32 billion Hong Kong takeover bid

London Stock Exchange rejects $32 billion Hong Kong takeover bid

The London Stock Exchange Group has unanimously rejected a takeover bid from Hong Kong Exchanges and Clearing. LSE said in a statement on Friday lunchtime that the board had “considered the unsolicited, preliminary, and highly conditional proposal” and concluded it has “fundamental flaws.”
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