(Alliance News) - The UK government plans to scrutinise the surprise GBP32 billion takeover offer for financial markets firm London Stock Exchange Group PLC by its Hong Kong counterpart, Reuters reported on Wednesday.
Earlier on Wednesday, Hong Kong Exchanges & Clearing Ltd made the cash-and-shares offer for the LSE owner which valued it at GBP31.6 billion including debt.
A spokesman for the UK Treasury told Reuters: "The London Stock Exchange is a critically important part of the UK financial system, so as you would expect, the government and the regulators will be looking at the details closely."
"We cannot comment further on commercial matters," the spokesman added.
https://www.reuters.com/article/us-lse-m-a-hong-kong-exchange-britain/uk-finance-ministry-to-scrutinize-hong-kong-exchange-39-billion-bid-for-lse-idUSKCN1VW26N
Shares in LSEG closed 5.9% higher at 7,206.00 pence in London on Wednesday, Hong Kong Exchanges up 0.3% at HKD246.00.
