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Hong Kong Stock Exchange just proposed a $37 billion deal to buy the London Stock Exchange
  • Hong Kong Stock Exchange on Wednesday said it is proposing to buy the London Stock Exchange, in a deal worth $36.6 billion. 
  • The Hong Kong exchange has until October 9 to make a firm offer, or pull its proposal if it does not intend to make it, the statement says.
  • Together, the two stock exchanges would be worth more than $70 billion, it said. The LSE said its board will consider the proposal.
  • LSE recently agreed to pay $27 billion for data company Refinitiv, which the LSE said today it is committed to. The HKEX said that its offer will be dependent on the LSE dropping the Refinitiv purchase.
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Full "The Business Insider: The Money Game" article




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