Tuesday, July 31, 2012

Reuters: Regulatory News: Maple bid for TMX wins shareholder approval -source

Reuters: Regulatory News
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Maple bid for TMX wins shareholder approval -source
Jul 31st 2012, 23:51

TORONTO, July 31 | Tue Jul 31, 2012 7:51pm EDT

TORONTO, July 31 (Reuters) - The takeover of Canadian stock market operator TMX Group by a group of financial institutions has been approved by shareholders, according to a source familiar with the situation.

The approval effectively cinches a deal that puts all of the country's major securities exchanges under the control of Maple Group -- a consortium of some of Canada's largest banks, pension funds and insurers.

The C$50-a-share deal received final regulatory approvals a few weeks ago, clearing a way for the deal's final go-ahead.

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