The London Stock Exchange (LSE) is dedicated to the 39 billionth of the Hong Kong Stock Exchange (HKEX) under the plan to acquire the data and analytics company Refinitiv.
I declined the offer. LSE said in a letter to HKEX that he was concerned about the point of this proposal and its relationship with HKEX's "confusion."
"No further improvement"
The London Stock Exchange said, "So the board rejects this conditional offer and there is no benefit in further negotiations when the main issue is resolved." The Hong Kong Stock Exchange said the merger would only continue if LSE did not continue to provide Refinitiv.
Predict a good offer
The Hong Kong Stock Exchange has not issued a statement yet. Rejection of the proposal by shareholders was welcomed, but analysts predict that the Hong Kong Stock Exchange could return to a better proposal.
At the same time, the LSE said the proposal could be dismissed by the UK, US and Italian governments and regulators.