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LSE rival given approval for its TMX structure
MAPLE, the rival bidder for the London Stock Exchange’s agreed merger target TMX Group, has said it has been given regulator approval for the structure of the company under its control.
The Maple consortium of 13 Canadian financial firms said it had been given “exemptive relief” from securities regulators in the country.
Maple said the development does not constitute approval for its C$3.7bn (£2.4bn) deal for any regulatory purpose.