TMX Group has secured a conditional support for its tie-up with London Stock Exchange (LSE) from an Ontario provincial government committee, The Wall Street Journal reports. LSE had offered around $3.3 billion to the operator of Toronto Stock Exchange. The acquisition requires approval from five Canadian provincial regulators including Quebec’s Autorite des Marches Financiers, adds Bloomberg. After the completion of the deal, LSE shareholders would own 55% of the merged company compared with 45% for TMX shareholders.
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