Maple Group Acquisition, the consortium of Canadian finance firms and pension funds attempting to acquire TMX Group, owner of the Toronto Stock Exchange, announced Wednesday that it would extend until September 30 the deadline for TMX to accept its $3.9 billion bid. The offer was to expire Friday.
TMX fended off a hostile takeover bid by Maple Group earlier this year, rejecting a $3.7 billion offer in May while pursuing a $3.4 billion merger with the London Stock Exchange. After that merger collapsed in June, TMX announced that it would enter into acquisition talks with Maple Group.
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