Source: Royal London Asset Management
Commenting on The London Stock Exchange Group’s (LSE) rejection of Hong Kong Exchanges and Clearing’s (KHEX) £32bn takeover bid, Mike Fox, head of sustainable investments at RLAM, said:
“‘We are supportive of management in preferring the Refinitiv transaction over the proposal from HKEX. The risk of the HKEX deal not completing, and the high level of shares in the consideration offered, do not compensate for the lost potential of a combination between London Stock Exchange Group and Refinitiv.”
RLAM holds 3.3m shares, £250m value, 0.95% of the company.