Sami Siva
The Toronto Stock Exchange and the London Stock Exchange are seeking to merge to create the world's eighth-largest exchange operator, a transaction that is already rekindling the debate about whether Canada is willing to let go of strategic assets.
LSE shareholders would end up owning 55 per cent of the combined group, the companies said on Wednesday. Shareholders in TMX Group would receive 2.9963 LSE shares for each TMX share. The deal values TMX at about $3.2-billion based on Tuesday's prices.
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