exchange: If it happens, the takeover would create the world's third biggest stock exchange group behind the New York Stock Exchange and Nasdaq in terms of the value of companies listed on those markets, according to the operators' data, according to CNN. It would also be the biggest foreign takeover of a UK-listed company since Japanese pharmaceuticals maker Takeda TAK bought Shire in 2018, according to Dealogic data. Hong Kong Exchanges and Clearing HKXCF HKEX said Wednesday it had made a proposal to the LSE LNSTY to combine the two companies in a cash and share deal worth 29.6 billion, or 31.6 billion 39 billion including debt. The deal would redefine global capital markets for decades to come, HKEX CEO Charles Li told reporters on a conference call. Read More But it faces a series of hurdles. It would reinforce Hong Kong's position as the key connection between mainland China, Asia and the rest of the world.
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