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Business deals

Hong Kong exchange's $36.5bn offer for LSE meets resistance

London bourse poised to reject bid that casts doubt on own pursuit of Refinitiv

The flags of Hong Kong Exchanges and Clearing, China and Hong Kong fly in the Asian financial hub. HKEX has made an unexpected bid for the the London Stock Exchange Group.   © Reuters

HONG KONG -- Shares in Hong Kong Exchanges & Clearing fell on Thursday the day after it made an unexpected 29.6 billion pound ($36.5 billion) offer to buy the London Stock Exchange Group, in a surprise bid for the British institution.

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