London, Toronto Exchanges To Merge Into $6B Giant

Law360, New York (February 9, 2011, 5:35 PM EST) -- London Stock Exchange Group PLC and Canada's TMX Group Inc. — which operates in the energy and derivatives markets — said Wednesday they are planning a merger to create a "world-leading organization" that would have a market capitalization exceeding $6 billion.

The combined exchange would list 6,700 companies worth nearly $6 trillion, the companies said, adding that they expect to realize more than $56 million in cost synergies within two years of completing the tie-up.

Amid a huge boom in commodities prices, the merger also would...
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