Hong Kong exchange falls over 3% after $39 billion takeover bid for LSE

HONG KONG (Reuters) - Hong Kong Exchanges and Clearing Ltd (HKEX) shares fell more than 3% on Thursday after the bourse unveiled a $39 billion takeover approach to the London Stock Exchange Plc (LSE) on Wednesday.HKEX shares fell as much as 3.7% in opening deals, while the benchmark Hang Seng Index was up 0.1%, suggesting investors are concerned about the financial merits of the deal. The proposed deal is aimed at creating a combined group better able to compete with U.S. rivals such as..