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 ...

Copyright 2011 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit

www.djreprints.com