NON-MERGER: LSE, TSX part ways

LONDON, U.K. - The London Stock Exchange and TMX Group, owner of the TSX, have abandoned their attempted merger. The LSE cited lack of shareholder support for its offer.

The $50-per-share offer from Maple Group, a consortium of 13 Canadian financial institutions, is still on the table. If this offer is to succeed, Maple needs to acquire 70% of the TMX shares and satisfy that federal Competition Bureau that the monopolistic situation takeover will create will not be detrimental to investors and businesses.