TMX shares rise after deal with LSE called off

TMX shares rise after deal with LSE called off

Stock Market Predictions

TORONTO (Global Markets) - TMX Group (X.TO) shares turned higher on Wednesday after the London and Toronto stock exchanges canceled plans to combine forces when it became clear they did not have enough shareholder support.

Shares of TMX, operator of the Toronto Stock Exchange, climbed as high as C$44.14 after the news, adding to gains before the confirmation was published. A media report had said the London Stock Exchange (LSE.L) had lost the battle for TMX Group in a proxy vote.

(Reporting by Ka Yan Ng; editing by Rob Wilson)