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Hong Kong stock exchange makes bid to buy London Stock Exchange for US$36.6 billion

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  1. #11

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    Quote Originally Posted by robertlempriere
    Think it will go through?
    Yesterday's market cap of LSE was 68.04GBP x 350m shares x 1.234=USD29.4b
    Today's market cap is 71.6GBP x 350m shares x 1.234 = USD30.9b.
    HKEx is offering USD36.6b.

    => The market is pricing a (30.9-29.4)/(36.6-29.4)= 21% chance of this bid to be successful.

  2. #12

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    Not clear to me if this will be at the expense of the Refinitiv deal? LSE agreed to buy Refinitiv for $27bn.

    “Shareholders won’t be rushed to make a decision as we like the Refinitiv deal,” the shareholder added. “If this is an opening gambit by HKEX and they go 10 per cent higher, then it will be a case of what might happen in the short term to the LSE share price versus a five-year view on where the share price can go on a successful Refinitv integration.”

  3. #13

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    Quote Originally Posted by Elefant&Castle
    Not clear to me if this will be at the expense of the Refinitiv deal? LSE agreed to buy Refinitiv for $27bn.
    A couple of sources have reported the deal can only go through if Refinitiv is out of the package
    shri likes this.

  4. #14

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    Quote Originally Posted by robertlempriere
    A couple of sources have reported the deal can only go through if Refinitiv is out of the package
    That is what Bloomberg seems to be saying in this segment.

    https://youtu.be/Xq0lqAa5u1w

  5. #15
    bdw
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    A special administrative region of CHINA owning the London Stock Exchange? Fuck off this will never happen!


  6. #16

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    Get this man a new PR consultant FFS.

    Seen in the FT.

    In a conference call on Wednesday, Charles Li described HKEX’s unsolicited bid for the London Stock Exchange Group as a “corporate Romeo and Juliet story” notwithstanding the double suicide that ends that tale of courtship.
    Further down the list of concerns...

    A CCP-controlled London Stock Exchange would surely be intolerable for any British government, no matter how chaotic or desperate Brexit Britain becomes.

  7. #17

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    Lol HSI is not excited at all about the news, down 80 points in the morning.. Or its indifferent and confident deal won't go through..


  8. #18

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    Quote Originally Posted by shri
    Lawyers will make money in this.

    What are the odds this goes through?
    Very low for national security reasons IMO.

  9. #19

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    One would have thought that HKEx would be astute enough to realize that CPP ownership of LondonEx would be a huge national security concern.

    Wonder what their real endgame plan is.


  10. #20

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    Quote Originally Posted by TigerSun
    One would have thought that HKEx would be astute enough to realize that CPP ownership of LondonEx would be a huge national security concern.

    Wonder what their real endgame plan is.
    That is the real question!

    The only odd conspiracy theory I can see is - stop the Refinitive sale?

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