The London Stock Exchange said on Friday that it has rejected a $ 37 billion takeover bid from the Hong Kong Exchange.
"The board unanimously rejects the conditional proposal and, given its basic flaws, sees no merit in further engagement," the board LSE said in a statement, according to Reuters.
Earlier this week, the Hong Kong Stock Exchange said it started talks about buying LSE. This offer comes weeks after the London exchange announced a plan to merge with computer company Refinitiv in a $ 27 billion deal.
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