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Hong Kong Stock Exchange offers to buy London Stock Exchange for $36.6 billion


Added 09-11-19 05:37:03am EST - “Hong Kong Stock Exchange offers to buy London Stock Exchange for $36.6 billion” - Rt.com

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Posted By TheNewsCommenter: From Rt.com: “Hong Kong Stock Exchange offers to buy London Stock Exchange for $36.6 billion”. Below is an excerpt from the article.

The Hong Kong exchange said the proposed merger would strengthen both businesses, better positioning them to innovate across markets and geographies. It added that the takeover will offer market participants and investors unprecedented global market connectivity.

“Bringing HKEX and LSEG together will redefine global capital markets for decades to come,” Hong Kong Chief Executive Charles Li said, as cited by Bloomberg. “Both businesses have great brands, financial strength and proven growth track records.”

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