Thursday, May 31, 2012

Reuters: Regulatory News: Maple extends bid for Canada's TMX Group

Reuters: Regulatory News
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Maple extends bid for Canada's TMX Group
May 31st 2012, 11:07

Thu May 31, 2012 7:07am EDT

May 31 (Reuters) - The consortium of Canadian financial institutions bidding for the operator of the Toronto Stock Exchange extended its C$3.8 billion ($3.69 billion) offer to July 31, it said on Thursday.

The group, which prolonged its bid to buy TMX Group Inc for the eighth time, said the extension will allow for the necessary regulatory approvals needed for an ambitious plan that would transform Canada's stock trading landscape.

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