LONDON STOCK EXCHANGE in merger talks with Canada's TMX

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LONDON STOCK EXCHANGE in merger talks with Canada's TMX

Post by Strawberry on Wed Feb 09, 2011 12:32 am

http://www.bbc.co.uk/news/business-12400785?utm_source=twitterfeed&utm_medium=twitter

The London Stock Exchange (LSE) has said it is in "advanced" talks with TMX Group, which operates the Toronto Stock Exchange, over a possible merger.

The merged group would be co-headquartered in London and Toronto and would become the world's largest exchange for mining companies.

The group would have a combined value of about £5.5bn and the talks could be concluded this week, reports suggest.



Last edited by Strawberry on Thu Feb 10, 2011 10:47 pm; edited 1 time in total
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Re: LONDON STOCK EXCHANGE in merger talks with Canada's TMX

Post by Strawberry on Wed Feb 09, 2011 12:57 am

LSE to Acquire Canada’s TMX in All-Share Deal; Rolet to Be CEO


Feb. 9 (Bloomberg) -- London Stock Exchange Group Plc, the 210-year-old bourse operator, agreed to buy Toronto Stock Exchange owner TMX Group Inc. in an all-share transaction valued at about C$3.2 billion ($3.2 billion) as the companies cut costs to counter lost market share.

LSE shareholders will own 55 percent of the enlarged group, while TMX investors will hold 45 percent, the companies said today in a Regulatory News Service statement. TMX shareholders will receive 2.9963 LSE shares for each TMX share held, valuing TMX shares at about C$42.68 each. The stock closed at C$40.28 yesterday.

http://www.businessweek.com/news/2011-02-09/lse-to-acquire-canada-s-tmx-in-all-share-deal-rolet-to-be-ceo.html


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Re: LONDON STOCK EXCHANGE in merger talks with Canada's TMX

Post by newearth on Wed Feb 09, 2011 7:45 am

thanks for the info. this crazy!

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Re: LONDON STOCK EXCHANGE in merger talks with Canada's TMX

Post by Swinburnian on Wed Feb 09, 2011 9:23 pm

lots of hoops from security regulators and governments in both canada and the uk before this becomes reality. i don't think this would be a bad idea -- it would inject much needed capital into a lot of canadian energy and mining firms and move the "centre of the universe" away from new york without moving it to china.
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Re: LONDON STOCK EXCHANGE in merger talks with Canada's TMX

Post by Strawberry on Sat Feb 12, 2011 7:13 am

It looks like there is a few changes going on with mergers and moves. Im not one to normally look at the stock exchange but this and a couple of other mergers have piqued my interest. And yes Swin abut China
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Re: LONDON STOCK EXCHANGE in merger talks with Canada's TMX

Post by Guest on Sun Feb 13, 2011 6:43 am

Not really a surprise, companies are becoming bigger when SHTF, so they are untouchable on a global scale. Also of interest, the german stock exchange has acquired the NYSE, and a few months ago, the Australian stock exchange merged with Singapore.

This is all in the cards folks.


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Re: LONDON STOCK EXCHANGE in merger talks with Canada's TMX

Post by Aetius Romulous on Sun Feb 13, 2011 7:35 am

Like I said in another thread, this consolidation dramatically raises the risk of global contagion, provides the world another to big to fail financial institution that benefits a very few at the expense of everybody else, and flies in the face of every lesson we should have learned from the 2008 fiasco.

In the end, as the financial collapse sorts itself out, the rich and powerful are taking the opportunity to buttress themselves against the next leg of disaster - ensuring that their institutions are secure against destruction by either nature or the will of the people.

It really does piss me off.

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