After LSE's sharp rebuff, HKEX begins investor charm offensive

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After LSE's sharp rebuff, HKEX begins investor charm offensive
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Hong Kong Exchanges and Clearing is embarking on a three-week charm of...

) investors as the Asian trading house tries to salvage its proposed $39 billion takeover offer.

LSE has said it wants to stick with its plan of buying data and trading company Refinitiv for $27 billion. “We would expect there to be some synergy both in terms of corporate overheads and technology,” said James Bevan, chief investment officer at CCLA. He added that while he was broadly supportive of the Refinitiv deal, he had some concerns about the data firm’s growth strategy.HKEX declined to comment on the deal beyond its statement on Friday that it would continue to engage with LSE shareholders and that its offer was in their best interests.

HKEX will be counting on its lead banker - Moelis’s Caroline Silver - to help it pull off what would be a major coup if it succeeds.

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