The Hong Kong's stock exchange made a €35.43bn ($39bn) offer for the acquisition of the London Stock Exchange on Wednesday.

The offer is below the current valuation of the LSE.

A statement issued by the parent company of Hong Kong's stock exchange (HKEX) described the offer as “a highly compelling strategic opportunity” that will give rise to a global market leader worth $70bn spanning Asia, Europe, and the United States.

The offer comes after the European Commission blocked a merger be...

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