TMX Group confirms merger talks with LSE
Posted Feb 8, 2011 07:58:48 PM.
This article is more than 5 years old.
TORONTO – The operator of the Toronto Stock Exchange is in advanced talks with the London Stock Exchange Group regarding a possible merger. A deal would make the new company one of the world’s largest stock markets.
A spokeswoman for the TMX Group (TSX:X) says the companies are considering a deal that would be a merger of equals. The TMX Group is valued at C$2.99 billion, while the London group’s value is slightly higher at around C$3.25 billion.
The TMX Group says executives in the new company would be taken from senior leadership at both companies and be co-headquartered in Toronto and London.
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