London Exchange merges with Tmx Group
London Stock
Exchange Group Plc (LSEG) and TMX Group Inc. (TMX) on Wednesday
announced an agreement to combine Europe’s and Canada’s leading
diversified exchange groups in an all-share merger of equals. The
merger will create a world-leading organisation and is unanimously
being recommended by the Boards of both LSEG and TMX.
The combined
transatlantic group will be jointly headquartered in London and Toronto
and will offer an international gateway, leading global pools of
capital formation and liquidity together with a unique portfolio of
highly complementary markets, products, technologies and services.
The Boards of LSEG
and TMX believe that the merger is strategically compelling and will
create a more diversified business with greater scale, scope, reach,
and efficiencies, generating substantial benefits for all operators.
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