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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 beads 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 beads 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,青岛婚纱摄影, and lawyers have said that scenario is beads likely. The four Canadian provinces where TMX has operations -- British Columbia, Alberta, Ontario and Quebec -- are also reviewing the deal.
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