Weil Reps Maple Group In $3.8B Hostile Bid For TMX

Law360, New York (June 13, 2011, 1:36 PM EDT) -- Maple Group Acquisition Corp. on Monday kicked off a hostile $3.8 billion bid to wrest Toronto Stock Exchange operator TMX Group Inc. from the hands of London Stock Exchange Group PLC, urging TMX shareholders to vote against the LSE deal.

Maple Group, led by Canadian pension funds and banks — and joined over the weekend by investors including Desjardins Financial Group, Dundee Capital Markets Inc., GMP Capital Inc. and Manulife Financial Corp. — said its CA$48 per share offer for the Canadian commodities trading giant marks...
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