If there was a list of examples on how a takeover approach could go wrong without proper strategic planning and a well-planned public relations campaign, Hong Kong stock exchange’s failed bid for the London Stock Exchange Group would undoubtedly be on the list.
HKEx’s ambitious 32 billion $39 billion unsolicited bid for its London rival, which runs the London and Milan exchanges, was formally rejected less than 48 hours after the offer was proposed late Friday.
While the refusal itself wasn't a huge surprise, the LSE's blatant and somewhat discourteous response has become a major talking point within financial circles.
LSE...
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