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Hong Kong Stock Exchange dropped its $36 billion bid for its London rival after the LSE snubbed it

WorldNews Tuesday, 8 October 2019 ()
Hong Kong Stock Exchange dropped its $36 billion bid for its London rival after the LSE snubbed itThe Hong Kong Stock Exchange has dropped its $36 billion bid for the London Stock Exchange after it was rejected by the group's board last month. In a statement on its website, HKEX said it "confirms that it does not intend to make an offer for LSEG," adding that the board felt it would be "strategically...
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News video: Hong Kong bourse pulls plug on $39 bln LSE bid

Hong Kong bourse pulls plug on $39 bln LSE bid 01:16

Hong Kong&apos;s bourse has scrapped its unsolicited $39 billion approach for the London Stock Exchange after failing to convince LSE management and investors. David Pollard reports.

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