2nd UPDATE: TMX: Merger Of Equals Will Make Deal More Palatable For Canada Govt

(Updates with details from press conference; commentary from legal expert on Investment Canada Act; updates TMX stock price.)

TORONTO (Dow Jones)--The top executives of TMX Group Inc. (X.T) and London Stock Exchange Group PLC (LSE.LN) took great pains to emphasize that Canada's incumbent stock market and derivatives exchanges won't disappear as a result of their planned merger.

Confirmation of the planned tie-up overnight comes in the wake of the Canadian government's decision to block BHP Billiton PLC's (BHP) bid for Potash Corp. of Saskatchewan (POT), deciding the takeover wouldn't generate a net economic benefit for Canada. It also comes amid ...

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