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.
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