Canada regulator gives LSE nod
The London Stock Exchange and TMX Group yesterday said Canadian competition authorities will not challenge the proposed merge of two exchange operators.
The ‘no action letter’ from the regulator satisfies a condition of the 9 February agreement by the two stock exchanges to join forces in a $3bn (£1.8bn) deal.
In a further review, under the Investment Canada Act, the federal industry minister will decide whether or not the merger will bring a net benefit to the country.