Rival bidder may scupper LSE merger

A rival bidder was today poised to scupper a £4bn (€4.59bn) merger deal between the London Stock Exchange and its Toronto counterpart.

Rival bidder may scupper LSE merger
Sun, 15 May, 2011 - 12:24

A rival bidder was today poised to scupper a £4bn (€4.59bn) merger deal between the London Stock Exchange and its Toronto counterpart.

Maple Group, which is made up of Canadian pension funds and banks, has tabled a £1.8bn (€2.06bn) bid proposal for TMX Group in a move which would keep the owner of the Toronto stock exchange in Canadian hands.

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