HKEx paying too much for LME, say FA readers

Our readers give their verdict on HKEx's $2.2 billion bid for the London Metal Exchange.

HKEx paying too much for LME, say FA readers
The Ring, where traders still use open outcry, faces closure in 2015

Hong Kong’s stock exchange provoked a few raised eyebrows last week when it bid 1.4 billion $2.2 billion for the London Metal Exchange LME.

At that price, Hong Kong Exchanges Clearing HKEx is paying a whopping 181 times more than the LME’s 2011 revenues of just 7.7 million. It is easy to understand why some critics have accused HKEx of paying over the odds, so we asked our readers what...

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