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Report: LSE likely to decline HK bourse offer; sets eye on Refinitiv

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Report: LSE likely to decline HK bourse offer; sets eye on Refinitiv

London Stock Exchange Group PLC could reject Hong Kong Exchanges & Clearing Ltd.'s offer to combine the companies in a deal that values the British bourse at £31.6 billion, the Financial Times reported, citing people briefed on the offer.

Two sources close to the board said LSE is leaning towards rejecting the offer, and plans to pursue its own US$27 billion takeover offer for financial markets data and infrastructure firm Refinitiv. HKEX's proposal is subject to LSE dropping its bid for Refinitiv.

LSE said it would consider the Hong Kong bourse's offer and make an announcement in due course. It added that it remains committed to its proposed acquisition of Refinitiv.