Hong Kong stock exchange’s pulled offer for its London rival highlights the difficulties of cross-border deals amid geopolitical upheaval
London Stock Exchange Group PLC’s dismissal of the Hong Kong exchange’s almost $37 billion takeover attempt underscores the challenges global exchanges face trying to complete cross-border deals amid geopolitical upheaval.
Hong Kong Exchanges & Clearing Ltd. made its audacious move in September on its London-based rival, betting the deal would solidify its role as a gateway for the flow of capital between mainland China and Western markets. But it came less than two months after the LSE and its recently appointed Chief...
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