The London Stock Exchange (LSE.L) is in advanced talks to take over TMX Group (X.TO), owner of the Toronto Stock Exchange, several British newspapers, including the Financial Times, reported on Tuesday. Sources told the FT that the LSE would use Toronto-listed secondary shares to acquire TMX and that the combined group would have a market capitalization of 5.5 billion pounds ($8.8 billion), and that it would be the world's biggest platform for mining company listings. ($1=0.62 pound) (Reporting by Solarina Ho; editing by Peter Galloway)
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