Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Toronto's Exchange Tower (Kevin Van Paassen/The Globe and Mail)
Toronto's Exchange Tower (Kevin Van Paassen/The Globe and Mail)

Maple Group launches hostile bid for TMX Add to ...

The nine Canadian pension funds and banks that want to buy TMX Group Inc. are taking their case directly to the company's shareholders with a hostile bid after the board rejected the $3.6-billion plan.

Their decision to formally present the offer to TMX investors just days after announcing their interest in buying the company - and mere hours after the TMX announced a vote on its proposed merger with London Stock Exchange Group PLC - underscores how quickly the battle is intensifying for the owner of the Toronto Stock Exchange.

In the know

Most popular videos »

Highlights

More from The Globe and Mail

Most popular