Hong Kong Exchange faces uphill battle with $39 billion bid for LSE
Wednesday, 11 September 2019 () Hong Kong Exchanges and Clearing Ltd (HKEX) unveiled a $39 billion takeover approach to the London Stock Exchange Plc (LSE) on Wednesday that received a cool response from investors concerned about its regulatory and financial hurdles.
The London Stock Exchange emphatically rejected the Hong Kong bourse's $39 billion takeover offer on Friday, opting to stick with its planned purchase of data and analytics group Refinitiv. David Pollard reports.
Hong Kong democracy activists spoke to members of the U.S. Congress on Tuesday, in a bid to win support for a bill that would force Washington to review its relationship with Hong Kong amid months-long..