The Hong Kong Stock Exchange (HKEX) is seeking to persuade the London Stock Exchange shareholders to accept a $39 billion cash-and-share takeover bid.

The initial offering, which was submitted early last week, was quickly rejected by the LSE board due to what the LSE said was its "fundamental flaws", including regulatory objections.

The HKEX claims there have been constructive initial consultations with regulators, but objections may arise from Consob – the Italian regulator – given that t...

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