Hong Kong stock exchange swoops in for London rival
LONDON -- The Hong Kong stock exchange wants to buy its storied London counterpart in a move that could gain leverage from the uncertainty that Brexit is creating for British companies and for the U.K. capital as a global financial hub. The Hong Kong Exchanges and Clearing Ltd. said Wednesday it is looking at a deal that would that value the London Stock Exchange Group at 29.6 billion pounds ($36.6 billion), but has not yet made a firm offer. A tie-up, it said, would provide the London firm with
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