TMX board green-lights Maple talks

Source: TMX Group

TMX Group Inc. today announced that its Board of Directors has authorized management and its advisors to hold discussions with the Maple Group Acquisition Corporation (Maple) regarding its unsolicited offer to acquire TMX Group.

The TMX Group Board is making no recommendation to shareholders regarding the current Maple offer and there can be no assurance that any agreement or recommendation will result from TMX Group's discussions with Maple.

According to the Maple take-over bid circular dated June 10, 2011 as varied on June 24, 2011, the current Maple offer is open for acceptance until August 8, 2011 and is subject to a number of conditions; Maple has publicly disclosed that it expects to complete the Maple offer in the fall of 2011. Therefore, there is no necessity for TMX shareholders to take any action with respect to the Maple offer at this time. 

Comments: (0)

Find out more
Watch the webinar - Finastra payments report: Digital disruption comes to the corporate treasury