Canada will review the London Stock Exchange's (LSE.L) bid to merge with Canadian exchange operator TMX Group (X.TO), Industry Minister Tony Clement said on Monday. Under the terms of the Investment Canada Act, Clement has to review any foreign takeover worth more than C$299 million ($302 million). The proposed trading venue would have a market value of about $6.9 billion. Clement now has 45 days to make a decision on whether the deal is of net benefit to Canada. He can extend that period by a further 30 days.
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