Deals
A Scathing London Stock Exchange Sends HKEX Packing
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The man who runs Hong Kong’s stock exchange compared his silent longing and sudden bid for its London counterpart to the tale of Romeo and Juliet. Unlike Shakespeare’s hero, Charles Li turned out to be an unwanted suitor.
On Friday, London Stock Exchange Group Plc Chairman Don Robert released one of the more scathing rejections of a corporate takeover offer in recent British memory, issuing a laundry list of geopolitical and business reasons why the LSE finds Hong Kong Exchanges & Clearing Ltd.’s $36.8 billion bid wanting. Here are some of its many criticisms.