London Stock Exchange May Not Become Latest UK Company To Fall Into Foreign Hands

Over the second quarter of 2019 foreign takeovers oflisted companies doubled in value to £18.4 billion, with buyers encouraged by weakness in the pound and Brexit uncertainty pushing down valuations. And earlier this week it looked very much like the latest major British public company to be taken over by a foreign buyer could be the London Stock Exchange itself. The company that runs Europe’s biggest stock exchange was subject to a £32 billion approach from its Asian peer – Hong Kong Exchanges and Clearing.