Where Your Speech Is Free And Your Comment Is King - Post A Link

THE NEWS COMMENTER

Screenshot Foxbusiness.com
VOTE  (0)  (0)

London Stock Exchange rejects Hong Kong takeover offer


Added 09-13-19 08:04:02am EST - “Earlier this week, the Hong Kong Stock Exchange said it started talks to buy the LSE.” - Foxbusiness.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Foxbusiness.com: “London Stock Exchange rejects Hong Kong takeover offer”. Below is an excerpt from the article.

Former NYSE CEO Dick Grasso on the Hong Kong Stock Exchange making an offer for the London Stock Exchange.

The London Stock Exchange said Friday it has rejected a near $37 billion takeover offer from Hong Kong Exchange.

"The board unanimously rejects the conditional proposal and, given its fundamental flaws, sees no merit in further engagement," the LSE said in a statement, according to Reuters.

Earlier this week, the Hong Kong Stock Exchange said it started talks to buy the LSE. That offer comes weeks after the London exchange announced a plan to merge with data company Refinitiv in a $27 billion deal.

Quotes delayed at least 15 minutes. Real-time quotes provided by BATS BZX Real-Time Price. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund and ETF data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.

Read more...

Post a comment.

CLICK TO SHARE

BACK TO THE HOME-PAGE