A week after the announcement that the London Metal Exchange board had approved the 1.39-billion pounds (2.2-bil-lion dollars) bid from Hong Kong Exchanges ft Clearing Ltd. (HKEx), market participants are beginning to re-hinge their jaws. The offer was almost double the 700-million pounds figure initially mooted, and for the moment there is a consensus that shareholders are likely to sell their stakes in the exchange at an extraordinary general meeting scheduled for the third week of July.
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