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Dołączył: 30 Sty 2011
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 Wysłany: Śro 7:35, 16 Lut 2011 Temat postu: Canada will review the LSE bid |
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Canada will review the LSE bid
Canada will review the LSE bid
The announcement last week that Deutsche Boerse and NYSE Euronext were in talks came within hours of [link widoczny dla zalogowanych] another blockbuster deal in the exchanges sector: London Stock Exchange agreed to buy Canada's TMX Group.
On Monday, Industry Minister Tony Clement said Canada will review the LSE bid under the [link widoczny dla zalogowanych] Investment Canada Act. Clement has 45 days from the moment the review begins to make a decision on whether the deal is of net benefit to Canada. He said he expected that period to begin in one or two weeks.
He can extend that period by a further 30 days,[link widoczny dla zalogowanych], and lawyers have said that scenario is [link widoczny dla zalogowanych] likely. The four Canadian provinces where TMX has operations -- British Columbia, Alberta, Ontario and Quebec -- are also reviewing the deal.
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