<p>TMX Group operates the Toronto Stock Exchange.<br /><br />The London Stock Exchange Group (LSEG) and TMX today said the all-share merger will create a major listings venue for natural resources, mining, energy and clean technology firms.<br /><br />Following the deal, which is expected to be complete in the second half of 2011, LSEG shareholders will own a 55 per cent stake in the merged entity, while TMX shareholders will hold the remaining 45 per cent.<br /><br />The merged bourse will have over 6,700 companies listed on it, with an aggregate market valuation of around 3.7 trillion pounds, the two firms said in a statement.<br /><br />"We are creating the world's largest listings venue for the commodities, energy and natural resources sectors, as well as the premium market for small, mid-size and growth companies," LSEG CEO Xavier Rolet said.<br /><br />There has been a wave of consolidation among leading bourses worldwide in recent years as entities look to boost their business activities in the growing securities market.<br /><br />The merger comes in the wake of the Singapore Exchange's over USD 8 billion takeover bid for the Australian Securities Exchange in October last year.<br /><br />LSEG, which itself has been the takeover target on many occasions, snapped up Borsa Italiana last year.<br /><br />The merged group -- of LSEG and TMX -- will be jointly headquartered in London and Toronto and the entity's CEO will be based in London.<br /><br />"We will also be uniquely positioned to offer high performance, low-cost technology solutions to our exchange clients around the world," Rolet said.<br /><br /></p>
<p>TMX Group operates the Toronto Stock Exchange.<br /><br />The London Stock Exchange Group (LSEG) and TMX today said the all-share merger will create a major listings venue for natural resources, mining, energy and clean technology firms.<br /><br />Following the deal, which is expected to be complete in the second half of 2011, LSEG shareholders will own a 55 per cent stake in the merged entity, while TMX shareholders will hold the remaining 45 per cent.<br /><br />The merged bourse will have over 6,700 companies listed on it, with an aggregate market valuation of around 3.7 trillion pounds, the two firms said in a statement.<br /><br />"We are creating the world's largest listings venue for the commodities, energy and natural resources sectors, as well as the premium market for small, mid-size and growth companies," LSEG CEO Xavier Rolet said.<br /><br />There has been a wave of consolidation among leading bourses worldwide in recent years as entities look to boost their business activities in the growing securities market.<br /><br />The merger comes in the wake of the Singapore Exchange's over USD 8 billion takeover bid for the Australian Securities Exchange in October last year.<br /><br />LSEG, which itself has been the takeover target on many occasions, snapped up Borsa Italiana last year.<br /><br />The merged group -- of LSEG and TMX -- will be jointly headquartered in London and Toronto and the entity's CEO will be based in London.<br /><br />"We will also be uniquely positioned to offer high performance, low-cost technology solutions to our exchange clients around the world," Rolet said.<br /><br /></p>