Connect with us

Hi, what are you looking for?

United Kingdom

London Stock Exchange in surprise £31 billion takeover bid

The London Stock Exchange has been targeted with a £31.6 billion takeover bid.

The LSE’s rival Hong Kong Exchanges and Clearing has proposed a cash-and-shares deal.

It would value an LSE Group share at about £8.36 a share – valuing the business at £29.6 billion.

Advertisement

However, the total bid would extra an extra £2 billion taking into accounts debts.

The bidder said the merger of the two exchanges would create a “global market infrastructure leader”.

London Stock Exchange Group described the approach as “unsolicited, preliminary and highly conditional.”

 

 

 

 

 

 

 

 

 

Comments

Latest Tweets

Advertisement

You May Also Like

Business

The controversial Russian businessman Viktor Baturin, well-known for his years-long counterstanding with his wealthy sister Elena, widow of Moscow ex-mayor Yuri Luzhkov, is likely...

European Union

On April 9, 2022 Dimash Qudaibergen’s first solo concert in Germany took place in Düsseldorf. The colossal energy and the atmosphere of unity did...

United Kingdom

A rare £100 bank note given to a charity shop has been sold for £140,000 at auction. Oxfam volunteer worker Paul Wyman spotted the...

United Kingdom

The Watneys Party Seven is making a comeback. The ubiquitous 70s beer was a bland fizzing bitter ridiculed by many. The drink’s insipidness helped...