The London Stock Exchange Considers Takeover Offer By Hong Kong Bourse

Newscast - Africa

English - September 13, 2019 19:22 - 3 minutes - 3.24 MB
News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Ghana to Build a Bigger Airport For Oil Rich Region - Minister of Aviation

Next Episode: Dangote Micro-Grant scheme Dishes out Money to Distressed Women

The London Stock Exchange’s (LSE.L) board will meet in coming days to decide on the Hong Kong bourse’s surprise $39 billion takeover proposal, a source close to the British company said on Thursday, as the market poured cold water on the deal. The unsolicited takeover offer is not expected to succeed given preference among LSE investors for the exchange to complete its $27 billion proposed acquisition of data and analytics group Refinitiv, the source close to the LSE said. The exchange wants to focus on executing that deal, rather than risk it being derailed by the Hong Kong bourse, the source said. Hong Kong Exchanges and Clearing’s (HKEX) (0388.HK) offer requires the LSE to ditch the Refinitiv purchase.

---

Support this podcast: https://anchor.fm/newscast-africa/support