The Canadian province of Ontario said on Tuesday it plans to have an all-party committee of its legislature review the London Stock Exchange's (LSE.L) takeover bid for TMX Group (X.TO), operator of the Toronto Stock Exchange. The committee adds to the political and regulatory hurdles the two exchange operators must clear for the proposed friendly deal to succeed. The deal would create a trans-Atlantic business with a market capitalization of nearly $7 billion. Ontario, the home of the Toronto Stock Exchange and one of at least four provinces with regulatory say over the transaction, has the power to block the deal on its own.
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