HKEX drops $39 billion offer to buy London Stock Exchange

Pedestrians walk past the Stock Exchange of Hong Kong on May 24, 2018 in Hong Kong.S3studio | Getty Images Hong Kong Exchanges and Clearing said on Tuesday it will not make an offer for London Stock Exchange Group, a month after it unveiled a $39 billion takeover approach for the bourse operator. “The Board of HKEX continues to believe that a combination of LSEG and HKEX is strategically compelling,” HKEX said in a statement.

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