11:32 AM EST - TMX Group Inc. : announced that Maple Group Acquisition Corporation, a corporation whose investors comprise 13 of Canada's leading financial institutions and pension funds, today announced that it has commenced an offer to acquire 70% of the outstanding common shares of TMX Group. The offer is part of an integrated acquisition transaction, the first step of which is to acquire 70% of the TMX Group shares for $48 in cash per share, to be followed by a second step court-approved plan of arrangement that will provide shareholders (other than Maple) with 40% of the Maple shares in exchange for their remaining TMX Group shares. This integrated acquisition transaction is valued at approximately $3.7 billion. TMX Group Inc.
shares T.X are trading up $0.66 at $44.46.
