LSE-TMX Merger Not a ‘Defensive’ Move, Rolet Says, FT Reports

London Stock Exchange Group Plc Chief Executive Officer Xavier Rolet said the merger between the LSE and TMX Group Inc. is the right deal for the U.K. bourse and wasn’t a “defensive” move, the Financial Times reported, citing remarks by Rolet.

The merger, which will form a company with a value of about $5 billion, is “much more transformational than people think” Rolet said, according to the Financial Times.

To contact the reporter on this story: Blanche Gatt in London at bgatt@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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