The HK exchange says LSE would have to ditch Refinitiv purchase for offer to go ahead.
The Hong Kong exchange had said the LSE would have to ditch the Refinitiv purchase for its offer to go ahead. The approach’s chance of success had been viewed by analysts as slim after it was emphatically rejected by the LSE just two days after HKEX went public with its interest. “The price tag from the Hong Kong exchange perspective was getting a bit too high, so it’s good for the shareholders that they decided to walk away,” said Hao Hong, head of research at broker BOCOM International.
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