Hong Kong Exchanges drops $39 bln offer for LSE

Hong Kong Exchanges and Clearing Ltd said Oct. 8 that it does not intend to go forward with its $39 billion offer for the London Stock Exchange. The HKEX said its board “is disappointed that it has been unable to engage with the management of LSEG in realising this vision, and as a consequence has decided it is not in the best interests of HKEX shareholders to pursue this proposal.”

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