The London Stock Exchange (LSE) and TMX Group have secured approvals from U.K. and Canadian authorities for their planned merger, Reuters reports. The Financial Services Authority and a Canadian Court have agreed to the deal.
The new group, which will be named LTMX Group, will include seven directors from TMX and the remaining from LSE. Shareholders of TMX and the LSE are scheduled to vote on the proposed deal on June 30, adds The Wall Street Journal.
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