The London Stock Exchange's (LSE.L) friendly takeover of Toronto Stock Exchange parent TMX Group (X.TO) faces a number of hurdles, particularly in Canada, where a fragmented regulatory system and political opposition may mean a drawn-out approvals process. The Canadian government and regulators in at least four provinces, notably Ontario and Quebec, will have a say in the decision. The following is a timeline of events: Feb. 9 - LSE and TMX announce deal to create a $7 billion trans-Atlantic exchange, after news leaked the previous day that the two resource-heavy exchanges were holding talks. [ID:nLDE71802I] [ID:nLDE71808S]
Source
