Hong Kong Exchanges drops $39 billion offer to buy LSE

(Reuters) – Hong Kong Exchanges and Clearing Ltd said on Tuesday it will not make an offer for London Stock Exchange Group (LON:), a month after it unveiled a $39 billion takeover approach for the bourse operator.

“The Board of HKEX continues to believe that a combination of LSEG and HKEX is strategically compelling,” HKEX said in a statement.

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