Maple Group Nails Down $3.8B Toronto Exchange Parent Buy

Law360, New York (August 1, 2012, 3:28 PM EDT) -- The Maple Group, a consortium of Canadian pension funds and investors, landed shareholder approval for its CA$3.8 billion (US$3.78 billion) takeover of Toronto Stock Exchange owner TMX Group Inc., a move that will bring Canada's central securities exchanges together under Maple ownership, TMX said late Tuesday.

The announcement brings to a close a marathon buyout effort that began more than a year ago. Under its new parent, TMX is poised to sit alongside its rival Alpha Trading Systems Inc. and the Canadian Depository for Securities Ltd.,...
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