Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, March 9, 2011

Canada banks to raise concerns on TMX deal -report, (LSE), (TSE: X)

Four of Canada's six biggest banks are ready to go public with concerns about the London Stock Exchange's (LSE.L) bid for the TMX Group (X.TO), a newspaper reported. The banks fear Toronto would risk losing its influence as a financial center if the LSE joins forces with the TMX, owner of the Toronto Stock Exchange, the Globe and Mail newspaper said. Last month, the London Stock Exchange said it planned to take over TMX, operator of the Toronto Stock Exchange, in a C$3.1 billion ($3.2 billion) deal.

Source