Monday, April 30, 2012

Reuters: Regulatory News: Maple renews bid for Canada's TMX Group, buys Alpha

Reuters: Regulatory News
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Maple renews bid for Canada's TMX Group, buys Alpha
Apr 30th 2012, 21:10

TORONTO, April 30 | Mon Apr 30, 2012 5:10pm EDT

TORONTO, April 30 (Reuters) - Maple Group, the consortium of 13 Canadian financial institutions bidding for buy the operator of the Toronto Stock Exchange, ex tended i ts C$3.8 billion ($ 3.85 billion) of fer for a seventh time on Monday.

Maple also said it had agreed to buy Alpha Trading Systems, Canada's second biggest stock trading venue, and the CDS clearing system.

Its bid for TMX Group, which also runs the TSX Venture Exchange and the Montreal Exchanges for derivatives, now expires on May 31

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