Canada competition bureau won't challenge LSE deal

Proposed merger between TMX and LSE clears major hurdle

Canada's Commissioner of Competition, Melanie Aitken, has issued a "no action letter" in connection with the planned merger of stock-exchange operators TMX Group and the London Stock Exchange, meaning she doesn't intend to challenge the proposed tie-up.

The stock-exchange operators said the issuance of the no action letter satisfies a condition of their February 9 merger agreement.

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