October 8, 2019 / 12:30 AM / 11 days ago

Hong Kong Exchanges drops $39 bln offer to buy LSE

Oct 8 (Reuters) - Hong Kong Exchanges and Clearing Ltd said on Tuesday it will not make an offer for London Stock Exchange Group, 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. (Reporting by Devika Syamnath in Bengaluru; Editing by Muralikumar Anantharaman)

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