<div>UPDATE 4-London Stock Exchange flatly rejects Hong Kong's $39 bln takeover offer</div> <!-- no image --> <div>* HKEX now likely to have to go hostile to salvage deal (Adds analysts, more detail)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=hjDAqh6OxrM:nq-0U0DgvGk:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=hjDAqh6OxrM:nq-0U0DgvGk:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=hjDAqh6OxrM:nq-0U0DgvGk:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=hjDAqh6OxrM:nq-0U0DgvGk:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=hjDAqh6OxrM:nq-0U0DgvGk:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/hjDAqh6OxrM" height="1" width="1" alt=""></div> Posted by Reuters