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SINGAPORE: As global bourses come to terms with the failure of the latest mega-merger, Singapore Exchange Ltd. is sticking to its incremental approach.
HONG KONG: Hong Kong's bourse on Tuesday dropped its unsolicited $39 billion bid for London Stock Exchange Group (LSE)
The world’s biggest brewer should raise a glass to Singapore.
LONDON: The Hong Kong bourse’s unsolicited takeover bid for the London Stock Exchange Group Plc (LSE) suffered a further setback after China praised the British firm’s scathing rebuff.
BEIJING: London Stock Exchange Group Plc’s rejection of a takeover proposal from Hong Kong Exchanges & Clearing Ltd. shows that there are doubts around the world over Hong Kong’s development potential, according to a People’s Daily commentary.
LONDON (Bloomberg): London Stock Exchange Group Plc has rejected a takeover proposal from Asian rival Hong Kong Exchanges & Clearing Ltd, saying the bid has "fundamental flaws.”
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.
LONDON: London Stock Exchange Group Plc (LSE) chief executive officer David Schwimmer had a visit on Monday from an unexpected guest: Hong Kong Exchanges & Clearing Ltd (HKEX) CEO Charles Li.
HONG KONG: Shares in the Hong Kong stock exchange fell more than 3% on Thursday as investors cast doubt on the merits of its $39 billion takeover approach to London Stock Exchange Plc (LSE), a deal that would create a global financial giant.
LONDON: Hong Kong Exchanges and Clearing Ltd (HKEX) unveiled a US$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.