LONDON, U.K. - The London Stock Exchange and TMX Group, owner of the TSX, have abandoned their attempted merger. The LSE cited lack of shareholder support for its offer.
The $50-per-share offer from Maple Group, a consortium of 13 Canadian financial institutions, is still on the table. If this offer is to succeed, Maple needs to acquire 70% of the TMX shares and satisfy that federal Competition Bureau that the monopolistic situation takeover will create will not be detrimental to investors and businesses.
October 24, 2024
October 23, 2024
October 23, 2024
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