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London Stock Exchange.

Thanks, but no thanks. The London Stock Exchange (LSE) has rejected a $36.6 billion unsolicited offer to be acquired by Hong Kong Exchanges and Clearing (HKEC) made earlier this week. The LSE told the Wall Street Journal that it had “fundamental concerns” about both the offered pricing and HKEC’s long-term viability as a financial gateway. 

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Patrick Smith

Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, cannabis law and marketing innovation. Reach him at pasmith@alm.com or on Twitter at @nycpatrickd

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