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Tokyo, Osaka bourses to merge to create world's No.3 exchange
Tokyo, Osaka bourses to merge to create world's No.3 exchange
The Tokyo and Osaka stock exchanges agreed on Tuesday to merge in 2013 to create the world's third-biggest bourse with listed stocks worth some $3.6 trillion, hoping to build scale to compete with a flurry of other global tie-ups. The $4.1 billion union between Tokyo Stock Exchange (TSE) and Osaka Securities Exchange Co Ltd (OSE) caps months of talks and brings together complementary strengths.
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