London Stock Exchange Group Plc and TMX Group Inc. rallied after LSE agreed to buy the owner of the Toronto Stock Exchange for about $3.2 billion in stock. The shares pared gains after NYSE Euronext said it’s in merger talks with Deutsche Boerse AG.
LSE climbed 3.1 percent to 920 pence at the 4:30 p.m. close in London, the highest level since October 2009, as some investors speculated that the agreement may spur competitors to make rival bids. TMX jumped 6.4 percent to C$42.85, the highest since June 2008.
