Deals
Ontario Committee Said to Support TMX Sale With Conditions
This article is for subscribers only.
An Ontario government committee reviewing TMX Group Inc.’s sale to the London Stock Exchange Group Plc will recommend supporting the C$3.2 billion ($3.3 billion) transaction with conditions, according to two people familiar with the report.
The committee report, expected to be submitted April 19 in Ontario’s legislature, identifies areas of concern including “imperative” issues that need addressing, according to the two people, who declined to be identified because the report isn’t public. Those issues include regulatory control and governance, they said, without elaborating.