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TMX and LSE scrap merger plan

TMX Group and the London Stock Exchange (LSE) have called off their proposed merger after it became clear they would not secure enough votes from shareholders to approve the deal.Based on votes already cast, TMX Group said a majority of its shareholders supported the merger, but the two-thirds majority needed to approve the tie-up would not be met.In a separate statement, the LSE said its shareholders were overwhelmingly in favor of the deal.
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