HKEX shares fall: This general view shows the Hong Kong Stock Exchange offices. Shares of HKEX, which made a bid for LSE, fell as much as 3.8% highlighting scepticism such a deal will get done. — AFP
LONDON: The Hong Kong Exchanges & Clearing Ltd (HKEX) plan to take over London Stock Exchange Group Plc is running into multiple obstacles less than 24 hours after the surprise bid was launched, with the UK bourse leaning toward rejecting the offer in its current form, according to sources.
HKEX shares fell as much as 3.8%, while LSE is trading at about 14% below the offer price, highlighting scepticism such a deal will get done. LSE declined to comment.
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