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LSE snubs £32B Hong Kong takeover bid

  • The board at the London Stock Exchange (OTCPK:LDNXF) has unanimously rejected the conditional, unsolicited £32B proposal from Hong Kong Exchanges and Clearing (OTCPK:HKXCY) and sees no merit in further engagement.
  • LSE remains committed to the purchase of Refinitiv (TRI, BX), saying the deal remains on track to close in the second half of 2020.
  • Source: Bloomberg First Word

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