The authors of a plan to combine the London and Toronto stock exchanges insisted on Thursday that the deal was fair, as regulators prepared to review if the proposal is in the public's best interest. Canada's top securities regulator said the continued strength of Canadian equity markets will be crucial as it mulls whether to support the London Stock Exchange's (LSE.L) C$3.1 billion bid for TMX Group (X.TO), parent company of the Toronto Stock Exchange. Approval from the Ontario Securities Commission is one of a series of green lights needed for the deal to fly. Other provinces will also have a say, and federal officials must rule if the proposal is of "net benefit" to Canada.
Source
