Maple Group Acquisition Corporation (Maple) and TMX Group Inc. (TMX Group) announced that Maple has received today a No Action Letter (NAL) from the Competition Bureau in respect of the proposed acquisitions of TMX Group, CDS and Alpha Group. Following an extensive review of the Maple proposal, and in light of the Ontario Securities Commission's recognition orders finalized today, the Competition Bureau does not, at this time, intend to make an application to the Competition Tribunal to challenge the proposed transaction under the merger provisions of the Competition Act.
Additional comment on this positive development will be provided shortly, including the status of remaining regulatory approvals. In a release earlier this morning, Maple and TMX Group provided an update on all material regulatory developments prior to the Competition Bureau's announcement of the NAL.
