Hong Kong Exchanges & Clearing Ltd. is open to offering more cash for its nearly £32 billion offer to acquire London Stock Exchange Group PLC, the Financial Times reported, citing a person familiar with the matter.
HKEX's current offer values the British bourse at £83.61 per share, in which HKEX stocks make up three quarters of the offer. The Hong Kong exchange, however, will not change the terms of its proposal until LSE responds.
LSE's shareholders are said to be leaning towards rejecting the proposal, and prefer the bourse to continue to pursue its proposed acquisition of financial data analytics platform Refinitiv. The London-based company's board is set to meet in coming days to consider the Hong Kong exchange's bid, an earlier report said.
