Brooks Dawson Alliance Says Hong Kong Stock Exchange Aims to Revise Bid for the London Stock Exchange. The preliminary £32 billion offer needed to be revised alongside its terms.
Currently, the LSE is pursuing a deal worth $27 billion U.S. Dollars to purchase trading group Refinitiv. LSE has submitted a timeframe of no later than Wednesday to submit an official offer or wait at least six months for negotiations to restart.
“There is a doubt that the HKSE can put a deal in before the tight deadline. If they can find common ground, there is still the question of an increased bid by more than 10 percent,” commented David McVey, Director of Institutional Trading at Brooks Dawson Alliance.
Researchers from Brooks Dawson Alliance highlighted that the Hong Kong Stock Exchange has successfully developed a world-leading IPO market that has topped world rankings in the past decade.
The companies it relies on are from mainland China which represented 68 percent of its market cap and 95 percent of all funds raised through Hong Kong last year. Its management believes that it can gain a much wider audience from a global perspective with a takeover of the London Stock Exchange.
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