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The London Stock Exchange on Friday announced it has rejected a takeover bid of nearly $ 37 billion Hong Kong Exchange.
"The board unanimously rejects the conditional proposal and, given its fundamental flaws, sees no point in continuing its commitment," LSE said in a statement, according to Reuters.
Earlier this week, the Hong Kong Stock Exchange announced that it had begun talks to buy the LSE. This offer comes a few weeks after the London Stock Exchange announced plans to merge with the Refinitiv information processing company in a $ 27 billion deal.
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