Latest update: 09/02/2011 

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London, Toronto stock exchanges to merge

London, Toronto stock exchanges to merge

The London and Toronto stock exchanges announced on Wednesday that they will merge. The move will create one of the world's largest stock markets, which will dominate trade in mining and energy stocks.

By News Wires (text)
 

AP - The London Stock Exchange and TMX Group, which operates the Toronto Stock Exchange, are merging.

The LSE and TMX on Wednesday said they would combine in an all-share merger of equals, creating one of the world’s largest stock exchanges.

Both exchanges are heavily weighted with mining stocks and a combination would create the world’s biggest exchange for mining and energy stocks.
 
The companies said they expect to realize annual savings of 35 million pounds ($56 million) by the second year of the merger.
 

 

Date created : 09/02/2011 
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