Maple Group officially launches TMX $3.7-billion bid
Posted June 13, 2011 7:29 am.
This article is more than 5 years old.
TORONTO, Ont. – Maple Group Acquisition Corp. has launched its official bid for TMX Group Inc., valued at about $3.7 billion.
The official submission offers to buy 70 per cent of TMX for $48 per share.
Maple Group said it will mail details of its offer to shareholders.
The bid comes a day after Maple Group added four new financial companies to the mix.
The new investors in the bid include Desjardins Financial Group, Dundee Capital Markets, GMP Capital Inc. and Manulife Financial.
Spokesman Luc Bertrand said Maple Group is confident its bid is superior, and will receive all of the required shareholder and regulatory approvals.
