Shares in London Stock Exchange (LSE.L) jump 9 percent and reach their
highest since October 2008 on news that it is set to buy TMX Group (X.TO) the
owmer of the Toronto Stock Exchange, with analysts saying it looks to be a good
"This deal comes against the backdrop of consolidation in world exchanges
and represents the first strategic move by (LSE chief executive) Xavier Rolet
and creates a company with a combined market capitialisation of 3.7 billion
pounds ($5.95 billion)," Shore Capital says in a note.
"The key benefit is the creation of a global exchange with a strong presence
in natural resources and emerging markets and as such we feel it is a positive
development for the LSE."
TMX shares in Frankfurt XQ.F trade 2.8 percent higher.
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