TORONTO, June 13, 2011 /CNW/ - TMX Group Inc. acknowledges the issuance
of a circular to its shareholders by Maple Group Acquisition
Corporation (Maple), containing Maple's unsolicited formal offer to
acquire 70% of the outstanding shares of TMX Group and soliciting
proxies to vote against the proposed merger with London Stock Exchange
Group plc (LSEG).
The Board of Directors of TMX Group (the Board) will fulfill its
fiduciary responsibility and will review the Maple offer and circular
and respond to it in a directors' circular on a timely basis. The
Board will also reassess whether the Maple formal offer constitutes a
superior proposal, or could reasonably be expected to result in a
superior proposal. On May 20, 2011, the Board concluded that, under
the terms of the merger agreement (Section 5.8) with LSEG, the Maple
proposal of May 13, 2011, did not constitute a superior proposal, nor
could it reasonably be expected to result in a superior proposal.
TMX Group continues to pursue efforts currently underway to secure the
necessary regulatory and shareholder approvals required to complete its
merger with LSEG. A vote by TMX Group shareholders has been scheduled
for June 30, 2011 and the Board of Directors has unanimously
recommended that shareholders vote in favour of the proposed merger.
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy.
Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange,
Canadian Derivatives Clearing Corporation, Natural Gas Exchange, Boston
Options Exchange (BOX), Shorcan, Shorcan Energy, Equicom and other TMX
Group companies provide listing markets, trading markets, clearing
facilities, data products and other services to the global financial
community. TMX Group is headquartered in Toronto and operates offices
across Canada (Montreal, Calgary and Vancouver), in key U.S. markets
(Houston, Boston and Chicago) as well as in London. For more
information about TMX Group, visit our website at www.tmx.com.
SOURCE TSX Group Inc.
For further information:
Director, Corporate Communications