Deals
Four Companies Join Maple Group’s Rival Bid for TMX Group
This article is for subscribers only.
Desjardins Financial Group, Dundee Capital Markets Inc., GMP Capital Inc. and Manulife Financial Corp. joined a group of Canadian banks and pension funds seeking to buy TMX Group Inc. in a rival proposal to a takeover by the London Stock Exchange Group Plc.
The Maple Group Acquisition Corp. added the financial-services firms to its C$3.58 billion ($3.65 billion) bid for the owner of the Toronto Stock Exchange, according to a statement today. The number of investors in the group climbs to 13 from the nine that made an initial proposal to TMX on May 13.