Medicago Inc MDCGF

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[victor16]

TORONTO (Reuters) - The London Stock Exchange (LSE.L: Quote) is in advanced talks to take over TMX Group (X.TO: Quote), owner of the Toronto Stock Exchange, several British newspapers, including the Financial Times, reported on Tuesday.

Sources told the FT that the LSE would use Toronto-listed secondary shares to acquire TMX and that the combined group would have a market capitalization of 5.5 billion pounds ($8.8 billion), and that it would be the world's biggest platform for mining company listings.

(Reporting by Solarina Ho; editing by Peter Galloway
https://ca.reuters.com/article/businessNews/idCATRE71769220110208