February 9, 2011 / 7:49 PM / 9 years ago

Canada PM silent on proposed exchange merger deal

OTTAWA, Feb 9 (Reuters) - Canadian Prime Minister Stephen Harper said on Wednesday he would not comment on a bid by the London Stock Exchange for TMX Group (X.TO) until the regulatory process was finished.

“This is a complex transaction. There is a law in place, the Investment Canada Act, that will look at these matters. The provinces themselves also have some processes and until those things are done I will not comment on this transaction,” he told the House of Commons.

Harper was strongly criticized last year for publicly commenting on BHP Billiton’s (BHP.AX) $39 billion takeover bid for fertilizer producer Potash Corp POT.TO, a deal Ottawa eventually blocked. (Reporting by David Ljunggren; editing by Rob Wilson)

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