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Ontario all-party report on LSE-TMX deal delayed
April 5, 2011 / 6:45 PM / in 7 years

Ontario all-party report on LSE-TMX deal delayed

* Report delayed to April 21, originally due this week

* Report not legally binding

TORONTO, April 5 (Reuters) - An all-party legislative committee in Ontario has delayed its report detailing its position on the London Stock Exchange’s (LSE.L) C$3 billion ($3.1 billion) bid for Canada’s TMX Group (X.TO).

The panel, appointed by the province’s Liberal government, will now release its report on April 21, said a spokesman for the Ontario Finance Ministry. The report was originally expected by April 7.

The all-party report will not be legally binding. But it will likely carry serious weight with securities regulators in the province, and with federal government officials who have veto power over LSE’s takeover bid.

$1=$0.97 Canadian Reporting by Claire Sibonney, writing by Solarina Ho; editing by Rob Wilson

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