So this has been in the news for some time now, TMX group owners of TSX (Toronto Stock Exchange) has been approached by a merger offer from LSE (London Stock Exchange).
TMX and LSE are all happy about it but the provincial Liberal government has frowned.
A new offer from Canadian Banks and pension funds (possibly including CPP and Teacher's union) is making a counteroffer to keep TSX Canadian. As well, it is believed that if the merger between TSX and LSE falls through, then LSE is going to be gobbled up by someone else.
http://www.bbc.co.uk/news/business-13409416
So this has been in the news for some time now, TMX group owners of TSX (Toronto Stock Exchange) has been approached by a merger offer from LSE (London Stock Exchange).
TMX and LSE are all happy about it but the provincial Liberal government has frowned.
A new offer from Canadian Banks and pension funds (possibly including CPP and Teacher's union) is making a counteroffer to keep TSX Canadian. As well, it is believed that if the merger between TSX and LSE falls through, then LSE is going to be gobbled up by someone else.