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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. #31

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    Essentially they have told the HKEX

    - We don't see a future with you.
    - Don't make me break up with my new love in life
    - You are ugly
    - Read 1-3 and figure it out for yourself.

    The letter from LSEG:

    https://www.lseg.com/sites/default/f...19.pdf?noembed

    Last edited by shri; 14-09-2019 at 10:48 AM.
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  2. #32

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    Nice update.

    Can't say it's a surprise at all.


  3. #33

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    Laura Cha and Charles Li visiting LSE Monday - extended blow by blow account of how it went down.
    Deal does not seem likely now - HKEx would have to buy both LSE and Refinitiv, but probably can not raise that much cash.

    https://en.wikipedia.org/wiki/File:Laura_M._Cha_-_World_Economic_Forum_Annual_Meeting_Davos_2009.jp g


    https://www.ft.com/content/54463646-...7-807ebd53ab77

    On Monday morning at 10am, they descended on the LSE’s headquarters in Paternoster Square in the shadow of St Paul’s Cathedral, and in a 50-minute meeting they dropped their bombshell.
    When David Cameron was UK prime minister and George Osborne chancellor, the mood music was far more positive. In 2015 Mr Osborne declared a “golden era” for Sino-British relations. And despite the 2016 Brexit vote, the momentum was maintained with then foreign secretary Boris Johnson coining the phrase “Global Britain” and stressing the importance of good trade relations with China.
    But suspicion of China has grown, particularly in the US. In a mounting trade war the US has imposed tariffs on more than $360bn of Chinese goods, and Beijing has reciprocated with tariffs of its own. Forced to pick a side, Mr Johnson, now prime minister, seems keen to forge his closest post-Brexit ties with the US, rather than China.
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  4. #34

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    And when you have very credible news of this sort coming out - you can see why there would be hesitation at this point by any country to hand over strategic assets to HK owned companies.

    https://www.reuters.com/article/us-h...-idUSKCN1VY08C

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  5. #35

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    https://www.scmp.com/news/china/poli...g-cant-make-it

    According to the China Daily Hong Kong is not red enough

  6. #36

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    Quote Originally Posted by East_coast
    https://www.scmp.com/news/china/poli...g-cant-make-it

    According to the China Daily Hong Kong is not red enough
    Except that HK's relationship with China is the reason why the bid would never have gained regulatory approval.

    Interesting to see that the LSG share price ain't moving anywhere toward the offer price so investors know that even if a higher bid is made it still won't get anywhere.

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