HKEx Shakes Up the Market with Proposed LSEG Takeover
If the HKEx–LSEG merger goes through, the LSEG–Refinitiv deal would be scrapped, creating an interesting ripple effect.
In a surprise move, the Hong Kong Exchanges and Clearing Ltd. (HKEx) has made a proposal to acquire the London Stock Exchange Group (LSEG) in a £31.6 billion ($39.04 billion) deal. HKEx’s offer represents a 22.9% premium to the closing share price of LSEG on September 10.
The proposal requires approvals from LSEG shareholders, as well as the UK and Hong Kong regulators and antitrust bodies. HKEx says the transaction will bring about synergies that will benefit market participants. One of
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