London Stock Exchange Group (LSEG) has rejected Hong Kong Exchanges & Clearing’s (HKEX) unsolicited bid for the company and remains committed to a proposed acquisition of data provider Refinitiv, it said in a release on Friday September 13.
HKEX, which owns the London Metal Exchange and its associated clearing house LME Clear, made the bid of £29.6 billion ($36.5 billion) on September 11, stunning industry observers at a time when both the United Kingdom and Hong Kong are both mired in political and…