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LSE, TMX Merger Gets FSA Approval
The London Stock Exchange and TMX Group have secured approvals from U.K. and Canadian authorities for their planned merger.
TheLondon Stock Exchange(LSE) andTMX Grouphave secured approvals from U.K. and Canadian authorities for their planned merger,Reutersreports. TheFinancial Services Authorityand a Canadian Court have agreed to the deal.
The new group, which will be namedLTMX Group, will include seven directors from TMX and the remaining from LSE. Shareholders of TMX and the LSE are scheduled to vote on the proposed deal on June 30, addsThe Wall Street Journal.
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