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LSE Plans TMX Group Acquisition

The London Stock Exchange is in discussions to acquire TMX Group, owner of Toronto Stock Exchange.

The London Stock Exchange (LSE) is in discussions to acquire TMX Group, owner of Toronto Stock Exchange, Reuters reports. The new merged group will be based in London and Toronto and continue to be overseen by regulatory authorities in both countries.

LSE, which plans to issue stock, will control around 56% of the new combined entity, adds Bloomberg. The management of the merged company will be made up of leaders from both the organizations.

Click here for the story from Reuters.

Click here for additional coverage from Bloomberg.

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