TMX Group Inc (X.TO) will file applications within the next few weeks with Canadian provincial regulators seeking approval of its bid to be taken over by the London Stock Exchange (LSE.L), TMX Chief Executive Tom Kloet said on Tuesday. The head of Canada's largest exchange operator is "optimistic" of also winning federal government approval and still sees the deal wrapping up in the fourth quarter, he told told Reuters on the sidelines of the Bloomberg Canada Economic Summit.
TMX Group Inc. is an integrated, multi-asset class exchange group. Shares of X fell by 0.3% or $-0.14/share to $46.51. In the past year, the shares have traded as low as $36.93 and as high as $64.03. On average, 10313400 shares of X exchange hands on a given day and today's volume is recorded at 5423758.
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