The London Stock Exchange Group plc (LSEG) is to merge with the TMX Group, Inc, (TMX) owner of the Toronto Stock Exchange.
The key points to note here are:
- Although described as a merger, LSEG is acquiring TMX in a share for share acquisition;
- The operating exchanges in London will continue under the same brand names and will continue to be run by London Stock Exchange plc; and
- The merger has not happened yet and is subject to regulatory approval.
A copy of the merger press release can be found here: www.londonstockexchange.com/about-the-exchange/media-relations/press-releases/2011/tmxandlsegjoinforces.htm