HKSE made a £32bn takeover bid for the London Stock Exchange yesterday. We believe the probability of this deal succeeding is close to zero. However, this should feed speculation regarding other giant market venues (ICE or CME, for instance) bidding on the UK market venue. It will support LSEG’s share price in the short term. In any case, we remain positive on the stock (even on a standalone basis).
12 Sep 2019
A desperate bid...nothing to see
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A desperate bid...nothing to see
London Stock Exchange Group plc (LSEG:LON) | 9,505 -8174.3 (-0.9%) | Mkt Cap: 50,909m
- Published:
12 Sep 2019 -
Author:
Farhad Moshiri -
Pages:
3
HKSE made a £32bn takeover bid for the London Stock Exchange yesterday. We believe the probability of this deal succeeding is close to zero. However, this should feed speculation regarding other giant market venues (ICE or CME, for instance) bidding on the UK market venue. It will support LSEG’s share price in the short term. In any case, we remain positive on the stock (even on a standalone basis).