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London Stock Exchange rejects $39 billion Hong Kong takeover offer

LSE said in a statement that it has fundamental concerns about key aspects of the proposal

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FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls/File Photo

Reuters London

1 min read Last Updated : Sep 13 2019 | 10:54 PM IST

London Stock Exchange has rejected Hong Kong Exchange's $39 billion takeover offer, opting to stick with its planned purchased of data and analytics group Refinitiv.

The LSE said in a statement that it has fundamental concerns about key aspects of the proposal.

"Accordingly, the board unanimously rejects the conditional proposal and, given its fundamental flaws, sees no merit in further engagement," the LSE said in a statement.

Topics : London Stock Exchange