Shares in Hong Kong Exchanges and Clearing barely budged in response to a bold $37 bln cash-and-share offer for rival London Stock Exchange Group. That’s probably a sign that shareholders don’t think it is going to happen, says peter_tl:
The London Stock Exchange’s board will meet in the coming days to make a decision on Hong Kong Exchanges and Clearing’s surprise takeover proposal, a source close to the British company told Reuters on Sept. 12.
The unsolicited offer is not expected to succeed given a 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. LSE shares were trading at 72.52 pounds, up 0.6%, by 1430 GMT on Sept. 12. HKEX shares closed at HK$237.4, down 3.5%.
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