Clement Says He Has No Update on Need for Review of LSE-TMX Buy

Canadian Industry Minister Tony Clement says he has no updated information about a possible review of the proposed $3.2 billion purchase of TMX Group Inc. by London Stock Exchange Group Plc.

Clement was speaking to reporters in Ottawa today. Last week he said the merger may be subject to a review under federal foreign-investment legislation.

He also told reporters today that he may respond this week to a court ruling on whether Globalive Communications Corp. can operate in the country. Clement said his officials have “made progress” on the Globalive issue.

To contact the reporter on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.net

To contact the editor responsible for this story: Paul Badertscher at pbadertscher@bloomberg.net

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