Maple-TMX deal wins OK from B.C. and Alberta securities regulators - InfoNews

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Maple-TMX deal wins OK from B.C. and Alberta securities regulators

July 11, 2012 - 6:13 PM

TORONTO - The B.C. Securities Commission and Alberta Securities Commission signed off Wednesday on the Maple Group Acquisition Corp.'s takeover of the TMX Group Inc. (TSX:X).

The final recognition order from the B.C. regulator focused on the impact the takeover proposal of both TMX Group and the CDS clearing house will have on the junior venture exchange.

Concerns from Alberta regulators focused on the natural gas exchange.

The deal has already been approved by regulators in Ontario and Quebec, as well as the federal Competition Bureau.

TMX shareholders will have the final say on whether the deal is approved and have until July 31 to tender their shares.

The deal follows more than a year of turmoil at TMX which first proposed a merger with the operator of the London Stock Exchange that failed to win shareholder support.

News from © The Canadian Press, 2012
The Canadian Press

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