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Hurdles Mount for Hong Kong Exchange’s $36.6 Billion LSE Bid

  • HKEX made a surprise unsolicited offer for LSE on Wednesday
  • LSE is still keen to press on with its Refinitiv data deal
Bloomberg business news
Xavier Rolet on Hong Kong Exchange's Bid for LSE, CQS's Strategy
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The plan by Hong Kong Exchanges & Clearing Ltd. to take over London Stock Exchange Group Plc is running into multiple obstacles a day after the surprise bid was launched, with the U.K. bourse leaning toward rejecting the offer in its current form.

LSE and its advisers have wide-ranging concerns, including the possible influence of China on the HKEX, and the deal could face pushback from U.K. and U.S. officials over security concerns, according to people familiar with the matter. LSE is also wary of a bid that is structured mainly in stock and has exposure to the volatile situation in Hong Kong, the people said.