The London Stock Exchange Group Plc has rejected a takeover proposal from Hong Kong Exchanges & Clearing Ltd. saying it found “fundamental flaws” with the offer.
The board of the 300-year old British bourse, which is working on its own deal to buy data provider Refinitiv in a $27 billion transaction, said HKEX’s overture had problems in its “strategy, deliver-ability, form of consideration and value.
LSE shares were up 1.6% after the announcement in London trading. The shares initially rose as much as 16% on Wednesday after HKEX said it wanted to combine the exchanges in a cash-and-stock deal that valued the London firm at 29.6 billion pounds ($36.6 billion).
The London Stock Exchange Group Plc has rejected a takeover proposal from Hong Kong Exchanges & Clearing Ltd. saying it found “fundamental flaws” with the offer.
The board of the 300-year old British bourse, which is working on its own deal to buy data provider Refinitiv in a $27 billion transaction, said HKEX’s overture had problems in its “strategy, deliver-ability, form of consideration and value.
LSE shares were up 1.6% after the announcement in London trading. The shares initially rose as much as 16% on Wednesday after HKEX said it wanted to combine the exchanges in a cash-and-stock deal that valued the London firm at 29.6 billion pounds ($36.6 billion).
The London Stock Exchange Group Plc has rejected a takeover proposal from Hong Kong Exchanges & Clearing Ltd. saying it found “fundamental flaws” with the offer.
The board of the 300-year old British bourse, which is working on its own deal to buy data provider Refinitiv in a $27 billion transaction, said HKEX’s overture had problems in its “strategy, deliver-ability, form of consideration and value.
LSE shares were up 1.6% after the announcement in London trading. The shares initially rose as much as 16% on Wednesday after HKEX said it wanted to combine the exchanges in a cash-and-stock deal that valued the London firm at 29.6 billion pounds ($36.6 billion).
The London Stock Exchange Group Plc has rejected a takeover proposal from Hong Kong Exchanges & Clearing Ltd. saying it found “fundamental flaws” with the offer.
The board of the 300-year old British bourse, which is working on its own deal to buy data provider Refinitiv in a $27 billion transaction, said HKEX’s overture had problems in its “strategy, deliver-ability, form of consideration and value.
LSE shares were up 1.6% after the announcement in London trading. The shares initially rose as much as 16% on Wednesday after HKEX said it wanted to combine the exchanges in a cash-and-stock deal that valued the London firm at 29.6 billion pounds ($36.6 billion).
The London Stock Exchange Group Plc has rejected a takeover proposal from Hong Kong Exchanges & Clearing Ltd. saying it found “fundamental flaws” with the offer.
The board of the 300-year old British bourse, which is working on its own deal to buy data provider Refinitiv in a $27 billion transaction, said HKEX’s overture had problems in its “strategy, deliver-ability, form of consideration and value.
LSE shares were up 1.6% after the announcement in London trading. The shares initially rose as much as 16% on Wednesday after HKEX said it wanted to combine the exchanges in a cash-and-stock deal that valued the London firm at 29.6 billion pounds ($36.6 billion).
The London Stock Exchange Group Plc has rejected a takeover proposal from Hong Kong Exchanges & Clearing Ltd. saying it found “fundamental flaws” with the offer.
The board of the 300-year old British bourse, which is working on its own deal to buy data provider Refinitiv in a $27 billion transaction, said HKEX’s overture had problems in its “strategy, deliver-ability, form of consideration and value.
LSE shares were up 1.6% after the announcement in London trading. The shares initially rose as much as 16% on Wednesday after HKEX said it wanted to combine the exchanges in a cash-and-stock deal that valued the London firm at 29.6 billion pounds ($36.6 billion).
The London Stock Exchange Group Plc has rejected a takeover proposal from Hong Kong Exchanges & Clearing Ltd. saying it found “fundamental flaws” with the offer.
The board of the 300-year old British bourse, which is working on its own deal to buy data provider Refinitiv in a $27 billion transaction, said HKEX’s overture had problems in its “strategy, deliver-ability, form of consideration and value.
LSE shares were up 1.6% after the announcement in London trading. The shares initially rose as much as 16% on Wednesday after HKEX said it wanted to combine the exchanges in a cash-and-stock deal that valued the London firm at 29.6 billion pounds ($36.6 billion).
The London Stock Exchange Group Plc has rejected a takeover proposal from Hong Kong Exchanges & Clearing Ltd. saying it found “fundamental flaws” with the offer.
The board of the 300-year old British bourse, which is working on its own deal to buy data provider Refinitiv in a $27 billion transaction, said HKEX’s overture had problems in its “strategy, deliver-ability, form of consideration and value.
LSE shares were up 1.6% after the announcement in London trading. The shares initially rose as much as 16% on Wednesday after HKEX said it wanted to combine the exchanges in a cash-and-stock deal that valued the London firm at 29.6 billion pounds ($36.6 billion).
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