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Empresas y finanzas

Toronto, London Stock Exchange abort merger plans


    TORONTO (Reuters) - The London and Toronto stock exchanges abandoned plans for a C$3.6 billion merger on Wednesday, as it became clear they would not win enough shareholder support for their transatlantic alliance.

    "It is clear that the two-thirds threshold required to approve the merger would not have been achieved," Toronto Stock Exchange operator TMX Group said in a statement.

    The London Stock Exchange would have owned 55 percent of the new venture, designed as a powerhouse in resource and energy equity.

    (Reporting by Pav Jordan; editing by Janet Guttsman)