What is the motivation for such a merger? What are the pros and cons of it??
The TMX Group, operator of the Toronto Stock Exchange and the Toronto Venture Exchange, has agreed to merge with the London Stock Exchange Group. The merger would create the world's biggest stock exchange, with more than 6,000 companies traded, including the vast majority of the world's publicly traded energy and resource companies.The TMX Group is valued at $2.99 billion, while the London group's value is around $3.25 billion. The combined transatlantic group would be jointly headquartered in London and Toronto.