The merger is dead! Long live the independent Toronto Stock Exchange—at least for now.
It was announced earlier today that the London Stock Exchange's (LSE's) C$3.6 billion ($3.7 billion) bid to nab the TMX Group, parent of the Toronto Stock Exchange (TSX), would not go forward after a proxy vote revealed the deal would not attain two-thirds' shareholder support.
As of a couple weeks ago, the analysts and insiders I was speaking with all said that they expected the merger to go through, and that
Anthony and James spoke with some sources about the big acquisition of Charles River by State Street, and right now, there are more questions than answers.Subscribe to Weekly Wrap emails