Asian exchange to launch three-week charm offensive to persuade board to soften stance
Hong Kong Exchanges and Clearing will this week step up efforts to buy the London Stock Exchange Group by appealing directly to shareholders, following the LSE’s rejection of its £32bn offer on Friday.
Over the three weeks it has left to make a formal bid under UK takeover rules, HKEX will launch a charm offensive with the LSE’s investors and other stakeholders.
The Asian exchange has already organised a round of meetings with shareholders and regulators in an effort to persuade the UK group’s board to soften its stance after it rejected the cash and shares offer.
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