A consortium of Canadian banks and financial firms challenging the London Stock Exchange’s (LSE) takeover of TMX Group Inc. announced on Monday that it will proceed with its hostile bid for the parent company of the Toronto Stock Exchange.
The Maple Acquisition Group is seeking a deal that will keep the Toronto exchange under Canadian management. The TMX board rejected the group’s $3.8 billion bid on May 20 after agreeing to LSE’s lower offer in February. The LSE deal would create the world’s largest exchange in terms of listings.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
