HK exchange considers London Metal Exchange bid

HONG KONG (Reuters) - The Singapore Stock Exchange Ltd is tying up with London's main bourse to make a joint bid for the London Metal Exchange, a source told Reuters on Friday, as the world's largest metal market seeks a suitor in a deal that could be worth 1 billion pounds ($1.57 billion).

LONDON (Reuters) - The

Hong Kong Exchanges and Clearing (HKEx) has beat out IntercontinentalExchange in a bid to buy the London Metal Exchange (LME) for $2.2 billion. The deal, announced today, will bring the world’s [...]

LONDON (Reuters) - The London Metal Exchange's (LME) chief executive is confident that its shareholders, with some persuasion, will approve a $2.2 billion offer by the Hong Kong stock exchange for the world's biggest marketplace for industrial metals.

CHINESE DEMAND: Hong Kong's stock exchange operator said Friday it has agreed to buy the 135-year-old London Metal Exchange for 1.4 billion pounds ($2.2 billion) as it shifts into commodities to capitalize on Chinese demand.

Hong Kong Exchanges and Clearing (HKEx) has played down the prospect that it may bid for the London Metal Exchange, saying that while it had considered a bid, the world’s largest exchange group was concentrating on its China business

Hong Kong Exchanges and Clearing (HKEx) has played down the prospect that it may bid for the London Metal Exchange, saying that while it had considered a bid, the world’s largest exchange group was concentrating on its China business