The London Stock Exchange Group (LSEG) is down about 6% this morning as the Hong Kong Exchange and Clearing (HKEX) eventually simply dropped its offer on the UK market venue. While the odds in the last few days was for a rather higher price (with a higher amount of cash), the dropping the deal is not so surprising as it would have been scrapped either by the majority of LSE’s shareholders (probably) or by the regulators involved in the potential deal.
08 Oct 2019
Definitely nothing to see
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Definitely nothing to see
London Stock Exchange Group plc (LSEG:LON) | 9,517 0 0.0% | Mkt Cap: 50,973m
- Published:
08 Oct 2019 -
Author:
Farhad Moshiri -
Pages:
2
The London Stock Exchange Group (LSEG) is down about 6% this morning as the Hong Kong Exchange and Clearing (HKEX) eventually simply dropped its offer on the UK market venue. While the odds in the last few days was for a rather higher price (with a higher amount of cash), the dropping the deal is not so surprising as it would have been scrapped either by the majority of LSE’s shareholders (probably) or by the regulators involved in the potential deal.