21 Sep 2019 Exchange operators cut dependence on legacy trading business
Rival bids offer two visions for LSE as insatiable demand provides bourses with promise for future
Mergers and acquisitions among exchanges has sometimes been likened to a game of chess. In a world where prized assets are scarce, a move by a major player forces the hand of another.
So it is with Hong Kong Exchanges and Clearing, which is taking a rebuffed £32bn bid for the London Stock Exchange Group to shareholders. The Chinese exchange is hoping to break up a $27bn deal the LSE struck to buy Refinitiv, a data and trading group.
Read the full story here: https://www.ft.com/content/1793492c-dba5-11e9-8f9b-77216ebe1f17