London Stock Exchange flatly rejects Hong Kong's $39 billion takeover offer

LONDON (Reuters) - The London Stock Exchange emphatically rejected the Hong Kong bourse's $39 billion (31.31 billion pounds) takeover offer on Friday, opting to stick with its planned purchase of data and analytics group Refinitiv.The LSE told HKEX in a letter that it had fundamental concerns about key aspects of the proposal which it said had no strategic merit, and that HKEX's relationship with the Hong Kong government would "complicate matters".HKEX's valuation of the LSE falls..