TORONTO, Feb. 8 /CNW/ - TMX Group confirmed today that it is in advanced
discussions with London Stock Exchange Group regarding a possible
merger of equals to create an international exchange leader.
Current discussions contemplate an exchange ratio close to the current
market capitalization of London Stock Exchange Group plc and TMX Group
Inc. It is currently contemplated that the executive management and
senior leadership of the Merged Group will be drawn from a balance of
leaders from both organisations. The merged Group would be
co-headquartered in London and Toronto and continue to be overseen by
its existing regulatory authorities.
TMX Group is not in a position to comment further at this time.
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy.
Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange,
Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Equicom
and other TMX Group companies provide trading markets, clearing
facilities, data products and other services to the global financial
community. TMX Group is headquartered in Toronto with offices in
Montreal, Calgary and Vancouver. For more information about TMX Group,
visit our website at www.tmx.com.
SOURCE Toronto Stock Exchange
For further information:
Director, Corporate Communications